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Leveraged ETFs pegged to Strategy plunge nearly 50% in the past five days
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6 hours ago 9,333
Golden Finance reported that two leveraged ETFs (MSTX and MTSU) linked to Strategy have plummeted by nearly 50% in the past five days. Earlier, Bitcoin fell below $87,000 on Tuesday. As of Tuesday's close of ET, MSTX was trading at $23.83 per share and MTSU was $4.94 per share, a sharp drop from last week's prices that exceeded $43 and $9 respectively. Meanwhile, Strategy (formerly MicroStrategy) shares also fell nearly 10% to about $255 per share. Geoffrey Kendrick, global head of digital assets research at Standard Chartered, said Tuesday that risk aversion in traditional markets is affecting the digital asset industry.
Keywords: Bitcoin
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