Futu news reports that Eric Balchunas, a senior ETF analyst at Bloomberg, recently expressed his opinion that the MicroStrategy 2x Leveraged ETF under T-Rex has $T-Rex 2X Long MSTR Daily Target ETF (MSTU.US)$ Launched just 6 weeks ago, it has already risen by 225%, with a trading volume of $0.5 billion (ranking in the top 1% of ETFs), and assets under management reaching $1 billion, exceeding the initial listing of the 1.75x MSTR ETF $TIDAL TRUST II DEFIANCE DAILY TARGET 1.75X LNG MSTR ETF (MSTX.US)$ 。”

As of press time, $T-Rex 2X Long MSTR Daily Target ETF (MSTU.US)$ it has risen by 246.06% since listing, trading at $86.55.

As the USA election approaches, Bitcoin has surged to near historic highs.

Ahead of the November 5th US election day, optimism is on the rise. Bitcoin is also benefiting from a broader market risk appetite, with demand returning for Bitcoin ETFs despite higher interest rates, and the US stock market hitting new highs this month.

According to Coin Metrics data, the price of Bitcoin has recently risen by 3.8% to around $72,292.10. Earlier, Bitcoin rose to $73,601.59, the highest level since setting a record on March 14.

Zach Pandl, the research director of Grayscale Investments, said: "Many things are moving in the right direction for Bitcoin and cryptocurrencies, including an economic soft landing, Fed rate cuts, and potential changes in the US regulatory environment regardless of who wins the US election. As long as these trends continue... Bitcoin could continue to reach new highs by the end of the year."

The US Republican candidate and former president Donald Trump has been showing goodwill towards the cryptocurrency industry this year, positioning himself as a candidate who supports cryptocurrencies. Democratic candidate and Vice President Kamala Harris has taken a more subdued stance on cryptocurrencies, and there are differing opinions in the industry about the potential impact of her becoming president on cryptocurrency companies. The election results are widely seen as a key catalyst for Bitcoin's price, but as the election draws near, investors have been watching and waiting.

$TIDAL TRUST II YIELDMAX MSTR OPTION INCOME STRATEGY ETF (MSTY.US)$ $Defiance Daily Target 2X Short MSTR ETF (SMST.US)$ $T-Rex 2X Inverse MSTR Daily Target ETF (MSTZ.US)$

Editor/Danial