Greenlight Capital has established short positions in two leveraged ETFs related to MicroStrategy

Odaily News Greenlight Capital’s billionaire founder David Einhorn revealed in his latest letter to investors that Greenlight Capital has established short positions in two leveraged ETFs related to MicroStrategy, the largest corporate holder of Bitcoin. These funds - T-Rex 2x Long MSTR Daily Target ETF and Defiance Daily Target 2X Long MSTR ETF - have become popular because they try to double MicroStrategy's returns.

David Einhorn said: "It is more likely that calm-minded governments should no longer borrow trillions of dollars from the bond market to participate in Bitcoin speculation. In fact, there is no strategic sense to do so." (CNBC)