REX Shares and Tuttle Capital Management Launch 2 ETFs
REX Shares and Tuttle Capital Management have joined forces to introduce two new exchange-traded funds (ETFs) that seek to provide amplified exposure to MicroStrategy’s stock performance, according to an announcement on September 18.
The ETFs, called T-REX 2X Long MSTR Daily Target ETF (MSTU) and T-REX 2X Inverse MSTR Daily Target ETF (MSTZ), offer two times leverage for long and short exposure to MSTR, respectively, as explained by REX and Tuttle.
These ETFs were launched in response to the strong demand for leveraged exposure to MSTR, demonstrated by the launch of a similar ETF by competitor Defiance ETFs in August.
This competition may spark a “hot sauce arms race,” according to a post by Eric Balchunas, an ETF analyst with Bloomberg Intelligence, on the X platform.
