Golden Finance reported that JPMorgan Chase said in a research report that the expansion of the scale of the leveraged MicroStrategy (MSTR) ETF and the capital flows it attracted had a more obvious impact on the company’s stocks and the crypto market than before. The bank said the ETFs played a major role in the stock's nearly 60% gain in November. According to the report, total inflows into U.S. spot Bitcoin (BTC), spot Ethereum (ETH), and leveraged MicroStrategy ETFs reached a record high of nearly $11 billion in November, with leveraged MSTRETF accounting for almost $3.4 billion of the total. One-third. “This highlights the growing influence of MicroStrategy’s leveraged ETF in the cryptocurrency market by facilitating MicroStrategy’s Bitcoin buying program,” analysts led by Nikolaos Panigirtzoglou wrote.