SEC Approves First 1.75x Leveraged Long MicroStrategy ETF
The U.S. Securities and Exchange Commission (SEC) has approved the first leveraged long MicroStrategy (MSTR) ETF, the Defiance Daily Target 1.75X Long MSTR ETF.The ETF seeks to achieve MicroStrategy stock The ETF seeks to achieve a leveraged investment result of 1.75x (175%) of the daily percentage change in MicroStrategy stock. This is an actively managed, leveraged equity ETF with a planned official launch date of July 23, 2024 and an expense ratio of 1.29%.
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