The 2x leveraged long MicroStrategy ETFs, MSTX and MSTU, have plummeted 82% year-to-date, reaching their lowest valuation levels since their 2024 market debuts. These specialized investment vehicles are currently experiencing significant capital erosion as volatility impacts leveraged cryptocurrency-related plays.
In a parallel decline, the MSTP 2x leveraged long MicroStrategy ETF has dropped 81% since the beginning of the year. Like its counterparts, this fund is now trading at its lowest price point since it first launched. These figures represent the most severe drawdowns for the suite of leveraged products since they became available to traders.