Defiance ETFs Launches SMST: The First Short MicroStrategy ETF in the U.S.

MIAMI, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Defiance ETFs, a leading innovator in exchange-traded funds, is excited to announce the launch of SMST: Defiance Daily Target 1.5X Short MSTR ETF. We believe this is a groundbreaking ETF—the first of its kind in the U.S. market—providing investors with 150% inverse daily exposure to MicroStrategy (NASDAQ: MSTR), a company renowned for its substantial investment in Bitcoin. SMST seeks 1.5X the inverse performance of MicroStrategy's daily returns, catering to experienc ...