Movement Alert|T-Rex 2X Long MSTR Daily Target ETF Rises 8.1% in Pre-Market Trading, Strategy Consecutive BTC Purchases and MSCI Retention Expectations Fuel Rally

Market Focus
3 hours ago

On October 2, T-Rex 2X Long MSTR Daily Target ETF rose 8.1% in pre-market trading, trading at $46.97/share, with turnover of approximately $10.49 million. The ETF tracks Strategy's stock price at two-times daily leverage, amplifying gains in the underlying equity.

On the news front, Strategy recently ended a three-month buying hiatus by purchasing BTC for two consecutive weeks, lifting its total holdings to a record 847,666 BTC and extending its streak of net BTC accumulation to 24 consecutive quarters. The company also disclosed $1.59 billion in cash reserves, providing potential ammunition for further accumulation. Meanwhile, MSCI concluded its consultation period on September 30, with results expected by October 16. Market expectations are rising that Strategy will retain its index position, a key catalyst given that JPMorgan previously estimated approximately $2.8 billion in potential fund outflows if the stock were removed. The combination of aggressive BTC accumulation and index retention expectations has created bullish resonance, driving leveraged upside in the ETF.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10