Bloomberg analyst: 2x leveraged MSTR ETF's first-day trading volume may exceed $10 million

Eric Balchunas, ETF analyst at Bloomberg, wrote on X platform that the newly launched 2x leveraged MicroStrategy (MSTR) ETF had a strong first day of trading. The ETF had a trading volume of $2 million yesterday, and it has reached $6 million today, and is expected to exceed $10 million. Balchunas pointed out that only 1-2% of ETFs can achieve such trading volume in the early stage of issuance. The ETF rose 17%, and although there is already a more liquid 1.75x leveraged MSTR ETF in the market, the slightly higher leverage ratio still attracted investors.