MicroStrategy ETF MSTX Record $34M In Trading Activity As Traders Seek Volatility

The post MicroStrategy ETF MSTX Record $34M In Trading Activity As Traders Seek Volatility appeared first on Coinpedia Fintech News

Bloomberg’s ETF Strategist Eric Balchunas highlighted the strong performance of the Microstrategy ETF as it got impressive trading volumes within two days of launch. During its second day of trading, MSTX registered $34 million in trading activity, surpassing its first-day figures and other ETFs like NVDL, which had a fraction of activity in its first two days. Balchunas also speculated the reasons behind MSTX’s rapid action suggesting its connection to Bitcoin or the volatility-seeking traders driving the initial interest. He noted- “We’ll find out the answer in time.”