T-Rex 2X Long MSTR Daily Target ETF is trading 8.4% down today as MicroStrategy and the broader cryptocurrency market face renewed selling pressure after several days of heavy liquidations.
- The move tracks continued weakness in Bitcoin and Ethereum, which is directly impacting MicroStrategy-linked products.
- A risk-off tone ahead of the upcoming U.S. jobs report is weighing on high-beta and leveraged instruments, even as the Dow shows relative strength.
- As a 2x leveraged fund, the ETF is seeing amplified losses compared to the underlying stock and the broader crypto market.