According to Eric Balchunas, the 2x + Income MSTR ETF (MST) saw approximately $3 million in trading volume on its first day, placing it in the top 5% of new ETF launches by volume (source: Eric Balchunas, Twitter, May 2, 2025). This strong debut suggests significant trader demand, likely due to the popularity of the existing 2x MSTR ETF and user requests for leveraged MSTR exposure. Traders should monitor MST's liquidity and volatility, as high initial volume can attract both momentum strategies and institutional interest, potentially impacting short-term price action and spreads.