Rex Shares and Tuttle Capital are set to transform the cryptocurrency market with the launch of the 2x Leveraged and Inverse MicroStrategy ETFs. These ETFs will essentially provide investors with exposure to the performance of MicroStrategy’s common stock and Bitcoin. The partnership between Rex Shares and Tuttle Capital aims to offer investors a unique opportunity to profit from the volatility in the MicroStrategy’s stock price and indirectly from Bitcoin’s price movements, as MicroStrategy holds a significant amount of Bitcoin on its balance sheet.
MicroStrategy, a renowned business intelligence company, has been a significant player in the Bitcoin space, investing over $1 billion in the cryptocurrency. This has made its stock price highly correlated with Bitcoin’s price. The newly launched ETFs will track the performance of MicroStrategy’s common stock, thus indirectly tracking Bitcoin’s price, offering a unique investment opportunity. The 2x leveraged ETF seeks to double the daily performance of MicroStrategy’s common stock, while the inverse ETF aims to provide the opposite of the daily performance.
The launch of these innovative ETFs by Rex Shares and Tuttle Capital signifies a significant step towards bringing cryptocurrency investments into the mainstream. This move not only validates the growing interest in digital assets but also highlights the potential for leveraging and inverting traditional investment strategies in the cryptocurrency market. It is a promising sign for investors seeking to diversify their portfolios with cryptocurrency-related investments without direct exposure to the asset itself.
