ETF issuer Defiance raises leverage for its MicroStrategy stock-tracking fund

Odaily News ETF issuer Defiance recently announced that it is increasing the leverage of funds tracking MicroStrategy's stock price to match the leverage set by competitor T-Rex. It said that the MSTX and SMST ETFs will provide 2 times the daily target exposure to MicroStrategy shares, higher than 1.75 times and 1.5 times. The increase in leverage will keep these ETFs competitive in the BTC market rebound, as the MSTR fund will usher in a large influx of investor funds. (Decrypt)