T-Rex Group 申請 2 倍多頭、反向微觀策略 ETF

彭博 ETF 分析師 Eric Balchunas 表示，這將是 ETF 辣醬中的「幽靈辣椒」。

Exchange-traded funds (ETFs) issuer T-Rex Group has filed for an ETF that will take a 2x long position in bitcoin (BTC)-heavy Microstrategy (MSTR).

交易所交易基金 (ETF) 發行人 T-Rex Group 已申請一隻 ETF，該 ETF 將在以比特幣 (BTC) 為主的 Microstrategy (MSTR) 中持有兩倍的多頭部位。

According to a filing published on the Securities and Exchange Commission's EDGAR platform, the T-Rex 2X Long MSTR Daily Target ETF aims to achieve 200% of MicroStrategy's daily performance.

根據美國證券交易委員會 EDGAR 平台上發布的文件，T-Rex 2X Long MSTR Daily Target ETF 的目標是實現 MicroStrategy 每日業績的 200%。

T-Rex also filed for an ETF that would take a 2x inverted position in MSTR. Effectively, both of these listed products would be a leveraged long or short on bitcoin.

T-Rex 還申請了一檔 ETF，該 ETF 將在 MSTR 中持有 2 倍的反向頭寸。實際上，這兩種上市產品都將是比特幣的槓桿多頭或空頭產品。

MSTR, with its heavy exposure to bitcoin, is known for its volatility as it tracks the world's largest digital asset. The stock's current implied volatility is high at 85.6, but trending lower than its recent average, as bitcoin's price remains stable.

MSTR 大量接觸比特幣，因其追蹤全球最大數位資產的波動性而聞名。該股目前的隱含波動率高達 85.6，但由於比特幣價格保持穩定，其趨勢低於近期平均水平。

Recently its CEO, Michael Saylor, announced the firm would offer $500 million in convertible notes to boost its bitcoin holdings.

最近，其執行長 Michael Saylor 宣布，該公司將發行 5 億美元的可轉換票據，以增加其比特幣持有量。

Bloomberg ETF analyst Eric Balchunas wrote on X that these ETFs would be a "near-lock to be the most volatile ETFs ever seen in the U.S, with 20x the volatility of the SPX."

彭博社 ETF 分析師 Eric Balchunas 在 X 上寫道，這些 ETF 將“幾乎成為美國有史以來波動性最大的 ETF，其波動性是 SPX 的 20 倍。”

They will be the "ghost pepper of ETF hot sauce", he said.

他說，它們將成為「ETF 辣醬中的幽靈辣椒」。

ETF issuers Defiance and GraniteShares have also listed products that take a short position in MSTR.

ETF 發行商 Defiance 和 GraniteShares 也列出了在 MSTR 中做空的產品。

T-Rex also filed for six leveraged inverse bitcoin ETFs in March, with positions ranging from 1.5x-2x.

T-Rex 也在 3 月申請了 6 個槓桿反向比特幣 ETF，部位範圍為 1.5 倍至 2 倍。