The ETF Opportunities Trust T-Rex 2X Inverse MSTR Daily Target ETF (MSTZ) is experiencing upward movement, driven by recent developments surrounding its underlying asset, MicroStrategy (MSTR). MicroStrategy's recent achievement of Amazon Web Services (AWS) Competencies in both Government and Education sectors has bolstered its reputation in delivering scalable and secure solutions for government and educational institutions. This recognition underscores MicroStrategy's ability to innovate and drive efficiencies, potentially enhancing its market position and investor confidence.
Additionally, the broader market conditions are influencing the ETF's performance. Bitcoin ETFs have seen significant outflows, with a net outflow of $582 million, the second-highest tally ever. This coincides with renewed U.S. inflation fears and bond market volatility, which have pressured risk assets, including Bitcoin, leading to a nearly 8.5% drop in its price over the past three days. As MicroStrategy holds substantial Bitcoin reserves, these market dynamics are impacting its stock and, consequently, the MSTZ ETF.
The MSTZ ETF rose to $18.07, marking a 2.61% increase from the previous close as of 10:00 AM ET on January 9th.