🔴 T-Rex 2X Long MSTR Daily Target ETF is trading 5.56% down today as Bitcoin weakens and traders take profits

T-Rex 2X Long MSTR Daily Target ETF is trading at $3.57 (-5.56%) as weak Bitcoin prices and a broader pullback in crypto-linked risk assets pressure the leveraged fund.

• The move is consistent with a retreat in Bitcoin and other crypto-linked assets, which directly impacts the 2x leveraged exposure to MicroStrategy.
• Traders appear to be taking profits following a strong rally on June 8, giving back a portion of the previous session's gains.
• The decline is specific to the crypto trade, as broader U.S. futures remain firm despite the weakness in the digital asset space.