Leverage Shares, a well-known issuer of Exchange Traded Products (ETPs), has added the MicroStrategy ETF 3X Leveraged ETF to its portfolio. The company is interested in products with both long and short positions. This step is not surprising, given that MSTR shares have long been informally recognized as a Bitcoin 
$89,191 ETF. Additionally, Saylor is already marketing MSTR as a leveraged BTC stock.
Leveraged MSTR ETP
On Thursday, two products launched on the London Stock Exchange (LSE) are designed to track the performance of MicroStrategy, a rapidly growing business intelligence and software company. These products stand out as the first physically share-backed 3x leveraged ETPs tied to MicroStrategy stock.
Furthermore, there are other MicroStrategy ETFs available, including a 1.5x leveraged option since August and a 1.75x leveraged MicroStrategy ETF MSTX.
MicroStrategy’s Bitcoin Strategy and Appeal
The launch from Leverage Shares indicates a strong appetite for a MicroStrategy-backed product. MicroStrategy has garnered significant interest since adopting Bitcoin as a treasury reserve strategy and has continuously purchased Bitcoin over the last four years.
The firm now holds a total of 252,220 BTC after acquiring 7,420 BTC recently. These bitcoins were purchased with proceeds from billions of dollars in convertible senior bond issuance. Thanks to these acquisitions, MSTR shares have significantly appreciated.
MSTR has drawn attention with a staggering 1,363% increase over the last 1,525 days, outperforming all companies in the S&P 500. During the same period, BTC price rose by less than 13 times, but the company has increased its valuation by 13 times since it began accumulating BTC in 2020. The new ETPs could provide additional gains to MSTR shares, which are currently at $166.76 with a 9% increase. Similarly, those holding the short ETP could realize a 3% profit from a decline in MSTR.
Leverage Shares’ new ETP launch facilitates the expansion of cryptocurrency-focused product alternatives in Europe and the UK. The issuer has launched a total of 162 ETPs so far, which could solidify Leverage Shares’ position in the market.
