The SEC approved the first leveraged single-stock ETF targeting MicroStrategy, which offers amplified Bitcoin exposure due to its large holdings. The 175% daily leveraged MSTX ETF is issued by Defiance ETFs.
The leverage-fueled mania in crypto is over with yield arbitrage opportunities collapsing. How can companies still offer yield products above risk-free rates?
Bitcoin has no lender of last resort for those who take undue risks. Bitcoin’s recent leverage cleansing is par for the course for a truly scarce asset.
Burnout is experienced in numerous fields and finance is no exception. Bitcoin offers a viable and non-correlated alternative to a system known for burnout.
The eurodollar has been an instrument that allowed for massive global credit and leverage. Bitcoin will benefit from the de-leveraging of that failing system.
