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

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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

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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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