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International Business Times
International Business Times
Business
Marvie Basilan

EXPLAINED: Terrible product blockstream ceo slams microstrategy s new etf | Vintage Vibes

Overview of The MicroStrategy Platform (Credit: Youtube Screenshot/ MicroStrategy Official YouTube Channel)

KEY POINTS

  • Back noted that auto-rebalancing only puts the ETF in the face of higher risks in a volatile market
  • MicroStrategy's valuation is largely tied to its Bitcoin strategy that landed it a 214K BTC stash
  • Kerrisdale Capital said late last month it was short on MSTR due to its potential overpricing

Michael Saylor's MicroStrategy recently launched a new exchange-traded fund (ETF), the Defiance 2X Short MSTR ETF, but not everyone was pleased with the product that was created to short the Bitcoin giant's stock.

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