A similar fund, the Defiance Daily Target 1.75X Long MicroStrategy ETF (MSTX), promises traders returns of 175% of the daily percentage change in MSTR’s share price. MSTX launched on Aug. 15 and has raised about $857 million so far, according to data from Bloomberg Intelligence senior ETF analyst Eric Balchunas, putting it in the top 8% of launches this year.
