Leveraged Bearish Strategy ETF Pulls in Millions at Record Lows

Description

A U.S.-listed exchange-traded fund (ETF) offering leveraged bearish exposure to shares in bitcoin (BTC) holder MicroStrategy (MSTR) has recently attracted millions in investor money as its prices hit record lows. The Defiance Daily Target 2x Short MSTR ETF, listed under the ticker SMST on Nasdaq, has registered a net inflow of over $24 million since July 11, according to data tracked by VettaFi . The net inflow tallied over $10 million on July 16 alone, the biggest single-day total since March 2...