According to @EricBalchunas, concerns about 2x ETFs are overstated relative to leverage showcased on crypto derivatives venues, noting MSTU looks quaint compared to a product referenced in a Coinbase International Exchange post he linked; this frames 2x ETF risk as modest versus certain exchange-offered leverage, which matters for position sizing and volatility management for traders, source: X post by @EricBalchunas, Oct 12, 2025. The post explicitly contrasts MSTU, a 2x ETF, with a leveraged crypto product mentioned by Coinbase International Exchange, signaling that higher effective leverage is readily accessible outside traditional ETF structures, source: X post by @EricBalchunas, Oct 12, 2025. For trading strategy, the comparison implies that leverage selection (ETF vs exchange derivatives) should factor differing liquidation mechanics and intraday volatility when allocating risk, as highlighted by the author’s emphasis on relative scale of leverage, source: X post by @EricBalchunas, Oct 12, 2025.

According to Eric Balchunas, BMNU (2x BitMin) has traded over $200 million in its first few days, marking the most volume for a new ETF since the spot BTC/ETH launches (source: Eric Balchunas on X, Sep 30, 2025). He added this is the highest ever for a 2x stock ETF, noting MSTU did about $45 million in its first few days for comparison (source: Eric Balchunas on X, Sep 30, 2025).

According to The Kobeissi Letter, the 2x Leveraged Long MicroStrategy ETF ($MSTU) has experienced a 41% drop over the last three trading sessions, resulting in an 81% decline since its peak on November 20th. Concurrently, the 2x Leveraged Long Palantir ETF ($PTIR) has decreased by 52% over the past five days, highlighting the risks associated with leveraged ETFs.

According to The Kobeissi Letter, the 2x Leveraged Long MicroStrategy ETF ($MSTU) experienced a 41% decline over the last three trading sessions and is now down 81% from its peak on November 20th. Additionally, the 2x Leveraged Long Palantir ETF ($PTIR) decreased by 52% over the past five days, highlighting the risks associated with leveraged investments.