# SEC Approves Leveraged MicroStrategy ETF

*Author: Jack Inabinet*
*Published: Aug 15, 2024*
*Source: https://www.bankless.com/sec-approves-leveraged-microstrategy-etf*

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Crypto speculators will soon be able to turbocharge their exposure to MicroStrategy stock using convenient exchange traded funds (ETFs).

## What’s the Scoop?
- **New ETF:** The United States Securities and Exchange Commission (SEC) has approved the launch of Defiance ETFs’ MSTX, the first leveraged single-stock index offering exposure to MicroStrategy, a tech company turned BTC accumulation vehicle.
- **Expect Volatility:** MSTX seeks to deliver 175% of MSTR’s daily returns to investors by utilizing leverage. This strategy will amplify the effect of stock price swings to both the upside and downside.

## Bankless Take:
While investors already have access to leveraged BTC exposure through approved futures ETF products like [BITX](https://www.volatilityshares.com/bitx), the approval of MSTX provides a new way for traders to bet on MicroStrategy’s Bitcoin accumulation strategy with even greater intensity.

> JUST IN: 🇺🇸 SEC approves the first leverage long MicroStrategy ETF. [pic.twitter.com/9NYrLh81sD](https://t.co/9NYrLh81sD)— Bitcoin Magazine (@BitcoinMagazine) [August 15, 2024](https://twitter.com/BitcoinMagazine/status/1824038377949200449?ref_src=twsrc%5Etfw)

 
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