Strategy’s leveraged ETFs hit hard by crypto slump
By Medha Singh
Dec 2 (Reuters) – Leveraged exchange‑traded funds (ETFs) linked to bitcoin hoarder Strategy are among the biggest casualties of this year’s crypto slump, as falling bitcoin price battered shares of the largest corporate holder of the token.
The T‑Rex 2X Long MSTR Daily Target ETF and Defiance Daily Target 2x Long MSTR ETF, both of which offer twice the return on Strategy shares, have lost nearly 85% of their value so far in 2025. T-Rex 2X Inverse MSTR Daily Target ETF has shed 48% during the same period.
Shares of Strategy have tumbled more than 40% this year, with the latest fall driven by bitcoin’s slide that sent it below $90,000.
The cryptocurrency touched a record high of $126,223.18 in…
