Leveraged ETF Tracking Strategy Stock Experiences Significant Decline

According to Odaily, since reaching its peak on November 20, the leveraged ETF product MSTU, which tracks the performance of Strategy (formerly MicroStrategy) stock, has decreased by approximately 81%. Over the past three trading days, the ETF has fallen around 40%, while Strategy's stock, MSTR, has also seen a significant drop of about 20% during the same period. Leveraged ETFs tend to perform poorly during periods of high market volatility. The ETF was launched by REX Shares and Tuttle Capital in September of last year, offering investors a tool to invest in the double movement of MSTR stock. However, due to fluctuations in Bitcoin prices, Strategy's stock has declined by about 15% since the beginning of the year.