MicroStrategy — now rebranded as Strategy — has essentially become a leveraged Bitcoin holding company. Under Michael Saylor's leadership, the firm has accumulated over 800,000 BTC through aggressive capital raises, making MSTR stock itself a de facto Bitcoin proxy that often trades at a significant premium to its net asset value. That kind of volatility has naturally attracted leveraged ETF products from multiple fund families looking to amplify the already-amplified exposure.
It's worth noting that these are some of the riskiest leveraged ETFs out there — you're essentially layering 2x leverage on top of a stock that already behaves like a leveraged Bitcoin bet. Below, we break down 11 leveraged and inverse ETFs tied to MSTR, with charts and key details for each.
If you would like to compare the performance of any of these ETFs with MSTR stock, use our Comparison tool
Quick Overview
| Ticker | Fund Name | Leverage | Direction | Expense Ratio | AUM |
|---|---|---|---|---|---|
| Long | |||||
| MSTU | T-REX 2X Long MSTR Daily Target ETF | 2x | Long | 1.05% | $838.7M |
| MSTX | Daily Target 2X Long MSTR ETF | 2x | Long | 1.31% | $367.9M |
| MSTW | Roundhill MSTR WeeklyPay ETF | 1.2x | Long | 1.00% | $85.9M |
| MST | Defiance Leveraged Long + Income MSTR ETF | 1.5x | Long | 1.91% | $32.2M |
| MSTP | GraniteShares 2x Long MSTR ETF | 2x | Long | 1.50% | $17.5M |
| MTYY | GraniteShares YieldBOOST MSTR ETF | variable | Long | 1.07% | $1.3M |
| Short (Inverse) | |||||
| MSTZ | T-REX 2X Inverse MSTR Daily Target ETF | 2x | Short | 1.05% | $112.6M |
| WNTR | YieldMax MSTR Short Option Income Strategy ETF | variable | Short | 1.00% | $58.1M |
| SMST | Defiance Daily Target 2X Short MSTR ETF | 2x | Short | 1.38% | $27.9M |
MSTU
T-REX 2X Long MSTR Daily Target ETF
MSTX
Daily Target 2X Long MSTR ETF
MSTW
Roundhill MSTR WeeklyPay ETF
MST
Defiance Leveraged Long + Income MSTR ETF
MSTP
GraniteShares 2x Long MSTR ETF
MTYY
GraniteShares YieldBOOST MSTR ETF
MSTZ
T-REX 2X Inverse MSTR Daily Target ETF
WNTR
YieldMax MSTR Short Option Income Strategy ETF
SMST
Defiance Daily Target 2X Short MSTR ETF
Risk Warning: Leveraged and inverse ETFs are complex financial instruments that may not be suitable for all investors. Past performance does not guarantee future results. Please consult with a financial advisor before making investment decisions.