自從其峰值以來，T-Rex 2x長MSTR每日目標ETF下降了80％

T-Rex 2倍長MSTR每日目標ETF（MSTU）放大了策略份額，已跌落80％

The T-REX 2X Long MSTR Daily Target ETF, which tracks Strategy (formerly MicroStrategy), has fallen by 81% since its peak in November 2024, losing 40% in three days, according to recent data. This decline, amplified by Bitcoin's volatility, highlights the risks of leveraged ETFs.

根據最近的數據，T-Rex 2倍長的MSTR每日目標ETF（跟踪策略（以前為MicroStrategy））自2024年11月的峰值以來已下降了81％，在三天內下降了40％。比特幣的波動率放大了這種下降，突出了槓桿ETF的風險。

Leveraged ETF from Strategy Falls by 81%

策略的ETF槓桿率下降了81％

The T-REX 2X Long MSTR Daily Target ETF (MSTU), which provides double leverage to shares of Strategy, has decreased by 81% since its high on November 20, 2024, as reported by The Kobeissi Letter. Over the last three trading sessions, it has lost 40% of its value, while MSTR stock fell by 20%.

T-Rex 2倍長的MSTR Daily Target ETF（MSTU）為戰略股份提供了雙重槓桿作用，自Kobeissi Letter報導以來，自2024年11月20日高點以來，其股票降低了81％。在過去的三個交易課程中，它損失了其價值的40％，而MSTR股票下跌了20％。

These ETFs, known for their promises of high returns, are ultimately quite risky. Their daily rebalancing, essential to maintain a 2x leverage, generates costs that erode the performance of these leveraged ETFs. A study by GSR Markets shows that during periods of high volatility, these leveraged ETFs underperform by more than 20% compared to similar unleveraged strategies.

這些ETF以其高回報的承諾而聞名，最終具有很大的風險。他們的日常重新平衡，對於保持2倍槓桿作用至關重要，產生了損害這些槓桿ETF性能的成本。 GSR市場的一項研究表明，在高波動性時期，與類似的未駕駛策略相比，這些槓桿ETF的表現不佳超過20％。

Launched in September by REX Shares and Tuttle Capital, the MSTU and its inverse MSTZ followed the success of Defiance, whose similar ETF reached $22 million in volume on its first day, a record according to Eric Balchunas.

根據埃里克·巴爾庫納斯（Eric Balchunas）的記錄，雷克斯（Rex）股票和塔特爾資本（Tuttle Capital）於9月推出，MSTU及其反向MSTZ的成功，其第一天的ETF達到了2200萬美元的數量。

Bitcoin: A Toxic Correction for the Leveraged ETF Market

比特幣：槓桿ETF市場的有毒校正

This significant drop can be largely explained by the correction in the crypto market, particularly Bitcoin, a key asset for Strategy.

這一重大下降可以在很大程度上通過加密市場的校正，尤其是比特幣，這是戰略的關鍵資產。

MSTR stock, known for its impressive 2500% increase at its November peak, has since seen a decline of about 15% since the beginning of 2025, largely due to the BTC correction in February.

自2025年初以來，MSTR股票以其令人印象深刻的2500％增長而聞名，其增長率約為15％，這主要是由於2月份的BTC校正。

Indeed, as Bitcoin reached $85,760 on February 26, a prediction by Changpeng Zhao, former CEO of Binance, resurfaces. Four years ago, he predicted a major correction of BTC after a surge to $101,000. This drop of nearly 16% coincides with the decline of the Strategy MSTU ETF (-81%), highlighting the persistent volatility of the crypto market.

的確，隨著比特幣在2月26日達到85,760美元，這是Binance前首席執行官Changpeng Zhao的預測。四年前，他預測在激增至101,000美元後對BTC進行了重大更正。近16％的下降與MSTU ETF策略（-81％）的下降相吻合，強調了加密貨幣市場的持續波動性。

This spectacular drop of the MSTU ETF underscores the dangers of leveraged products, especially on volatile assets like Bitcoin. While Strategy continues to strengthen its treasury with a purchase of 20,356 BTC, these ETFs amplify losses during this correction period. Investors must remain cautious in the face of these high-risk instruments.

MSTU ETF的這種壯觀的下降強調了槓桿產品的危險，尤其是在像比特幣這樣的揮發性資產上。儘管策略通過購買20,356 BTC繼續加強其財政部，但這些ETF在此校正期間擴大了損失。面對這些高風險工具，投資者必須保持謹慎。