T-Rex 2X Long MSTR Daily Target ETF is trading at $3.53 (-6.61%) as Bitcoin weakness and a pullback in crypto-linked risk assets pressure the leveraged proxy.
- The fund's 2x daily leverage amplifies swings in MicroStrategy (MSTR) and Bitcoin, making it highly sensitive to broader crypto market declines.
- Profit-taking following a prior session rebound is contributing to the downside as traders exit positions amid volatile conditions.
- The fund's structure means even modest declines in the underlying assets can translate into significant ETF losses during periods of high volatility.