Leveraged MicroStrategy (MSTR) ETFs Are Having a Larger Impact on Market: JPMorgan

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Leveraged MicroStrategy (MSTR) exchange-traded funds (ETFs) are having a larger impact on crypto markets, JPMorgan (JPM) said

MicroStrategy leveraged ETFs are affecting both stock and the crypto markets more than in the past, the report said

The stock's premium is a sign of investor optimism about the company's future profitability and its corporate strategy, the bank said. November saw a record of almost $11 billion flow into U.S. spot bitcoin , spot ether and leveraged MicroStrategy ETFs combined, the report said, with the leveraged MSTR ETFs accounting for $3.4 billion, or almost a third, of the total.

The company founded by Michael Saylor has spent $13 billion buying bitcoin this quarter alone, the report noted.

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