T-REX 2X Long MSTR ETF plunges 14% in one day amid Bitcoin and MicroStrategy declines

The T-REX 2X Long MSTR Daily Target ETF (MSTU) dropped about 14% in a single session, reflecting a sharp decline in MicroStrategy (MSTR) shares and Bitcoin prices. Over the past year, MSTU has lost over 95% of its value due to its 2x daily leverage structure, which compounds losses in volatile markets. MicroStrategy’s heavy Bitcoin holdings and ongoing equity dilution add pressure, while the ETF’s performance depends heavily on Bitcoin's price stability and volatility. Investors should watch Bitcoin’s price and volatility, MicroStrategy’s premium to Bitcoin NAV, and dividend rates as key indicators for MSTU’s future performance.