自从其峰值以来，T-Rex 2x长MSTR每日目标ETF下降了80％

T-Rex 2倍长MSTR每日目标ETF（MSTU）放大了策略份额，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.

根据最近的数据，T-Rex 2倍长的MSTR每日目标ETF（跟踪策略（以前为MicroStrategy））自2024年11月的峰值以来已下降了81％，在三天内下降了40％。比特币的波动率放大了这种下降，突出了杠杆ETF的风险。

Leveraged ETF from Strategy Falls by 81%

策略的ETF杠杆率下降了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倍长的MSTR Daily Target ETF（MSTU）为战略股份提供了双重杠杆作用，自Kobeissi Letter报道以来，自2024年11月20日高点以来，其股票降低了81％。在过去的三个交易课程中，它损失了其价值的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.

这些ETF以其高回报的承诺而闻名，最终具有很大的风险。他们的日常重新平衡，对于保持2倍杠杆作用至关重要，产生了损害这些杠杆ETF性能的成本。 GSR市场的一项研究表明，在高波动性时期，与类似的未驾驶策略相比，这些杠杆ETF的表现不佳超过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.

根据埃里克·巴尔库纳斯（Eric Balchunas）的记录，雷克斯（Rex）股票和塔特尔资本（Tuttle Capital）于9月推出，MSTU及其反向MSTZ的成功，其第一天的ETF达到了2200万美元的数量。

Bitcoin: A Toxic Correction for the Leveraged ETF Market

比特币：杠杆ETF市场的有毒校正

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

这一重大下降可以在很大程度上通过加密市场的校正，尤其是比特币，这是战略的关键资产。

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年初以来，MSTR股票以其令人印象深刻的2500％增长而闻名，其增长率约为15％，这主要是由于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.

的确，随着比特币在2月26日达到85,760美元，这是Binance前首席执行官Changpeng Zhao的预测。四年前，他预测在激增至101,000美元后对BTC进行了重大更正。近16％的下降与MSTU ETF策略（-81％）的下降相吻合，强调了加密货币市场的持续波动性。

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的这种壮观的下降强调了杠杆产品的危险，尤其是在像比特币这样的挥发性资产上。尽管策略通过购买20,356 BTC继续加强其财政部，但这些ETF在此校正期间扩大了损失。面对这些高风险工具，投资者必须保持谨慎。