The ETF Opportunities Trust T-Rex 2X Inverse MSTR Daily Target ETF (MSTZ) is experiencing significant price movement due to the sharp decline in Bitcoin prices, which has impacted MicroStrategy's stock. Bitcoin's price fell sharply, trading around $92,808.07 at 6:57 a.m. ET on December 20, 2024, down approximately 9% from the previous day. This decline follows a hawkish Federal Reserve outlook for 2025, which has unsettled markets and led to a broader sell-off in risk assets, including cryptocurrencies. The Fed's decision to cut interest rates was accompanied by warnings of higher-than-expected inflation and unemployment, further pressuring the crypto market. As a result, MicroStrategy, heavily invested in Bitcoin, has seen its stock price affected, contributing to the movement in the MSTZ ETF.
The MSTZ ETF, which inversely tracks MicroStrategy's stock, fell to $23.61, down 5.56% as of 10:05 AM ET on December 20, 2024.