Defiance Announces It Will Increase Leverage Multiples on Its Funds Tracking MicroStrategy Shares

On Oct. 31, ETF issuer Defiance announced Tuesday that it will increase the leverage multiples on its funds tracking MicroStrategy's stock price to match those set by rival T-Rex, Defiance said in a statement, according to Decrypt, adding, “The MSTX and SMST ETFs will have daily target exposure will be raised to 2x from 1.75x and 1.5x, respectively. With the BTC market on the rise and the equally high-risk MSTR-based funds attracting an influx of investor capital, increasing the leverage multiples will allow issuers' ETFs to remain competitive.”