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MicroStrategy Leveraged ETFs Down Over 90% Since Launch in 2024; MSTR Falls 46% YTD

2026-06-29 14:56:09

According to The Kobeissi Letter, leveraged MicroStrategy ETFs ($MSTX, $MSTU, $MSTP) launched in 2024 have declined more than 90% since inception. The 2x long ETFs have fallen approximately 81-82% year-to-date, tracking the underlying MicroStrategy stock ($MSTR), which has declined 46% this year and fell 27% in the last week alone. The steep declines in leveraged products reflect the compounding effect of daily resets used in leveraged ETFs; despite billions of dollars in inflows, the magnified losses demonstrate how volatility erosion can cause leveraged funds to underperform their intended multiples over time.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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