Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Renowned investor Ross Gerber made a thinly veiled jibe at Strategy Inc.'s (NASDAQ:MSTR) model of holding Bitcoin (CRYPTO: BTC) on Tuesday, proposing a similar company focused on purchasing and storing gold. Gerber Proposes Gold-Buying ‘Strategy’ Gerber sarcastically pitched opening a public company that buys gold. Investors could then buy shares in this company at a “1.5x premium” to the value of gold it ...

Core Insights - The launch of the 21Shares 2x Long Dogecoin ETF on Nasdaq aims to provide leveraged exposure to Dogecoin, which has garnered positive reactions from the Dogecoin community [1][2][4] - The ETF, trading under the ticker TSSD, is designed to deliver twice the daily performance of Dogecoin before fees and expenses [3][4] - Despite the ETF launch, Dogecoin's price fell due to overall market conditions, with technical indicators suggesting a potential rebound [5] Group 1: ETF Launch and Features - The 21Shares 2x Long Dogecoin ETF allows investors to gain leveraged exposure to Dogecoin through a regulated, exchange-traded structure [4] - The ETF is accessible for purchase directly through banks or brokers, enhancing its appeal to investors [4] Group 2: Market Reaction - Following the ETF launch, Dogecoin's price experienced a decline, influenced by broader market sentiment [5] - Technical analysis indicated a "Sell" signal for Dogecoin, while the Relative Strength Index approached oversold levels, hinting at a possible recovery [5]

Investment Strategy - Trump Media & Technology Group (TMTG) has invested $300 million in a Bitcoin-linked options strategy [1] - The company aims to capitalize on BTC price swings through this strategy [1] Crypto Assets - TMTG currently holds approximately $2 billion in crypto assets [1] - This makes TMTG one of the few publicly traded firms with such leveraged exposure to crypto [1]