Defiance Daily Target 1.5x Short MSTR ETF Price & Performance (SMST)

MicroStrategy's stock has increasingly mirrored Bitcoin's price movements post-2020, with a correlation coefficient jumping from 0.029 to 0.897. This shift reflects its transformation into a Bitcoin proxy, attracting investors seeking exposure to the cryptocurrency's volatility and potential gains.1

ETFs betting against MicroStrategy have seen significant gains, with one fund reporting a 33% increase recently. This trend highlights growing skepticism about the company's reliance on Bitcoin amidst its volatile price movements.2

A leveraged ETF tied to Palantir experienced a steep 21% drop, signaling investor concerns. Meanwhile, ETFs shorting MicroStrategy gained traction, reflecting polarized market sentiment toward these high-risk assets.3