MicroStrategy leveraged ETF (MSTU) is trading 12.2% up today as MicroStrategy (MSTR) and Bitcoin bounce from a steep crypto-driven selloff earlier this week.
- The move is amplified by leverage following several down days for the fund, with traders buying the dip amid improved risk sentiment.
- Gains are supported by a modestly higher broader equity market on a quiet day for Federal Reserve and macroeconomic data.