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Benzinga

Business

Pooja Rajkumari

MicroStrategy-Linked ETFs Skyrocket 400% This Year: Is This 'The Michael Saylor Effect'?

Michael Saylor MicroStrategy MSTR MicroStrategy Inc Nasdaq Elon Musk Matthew Tuttle Barron Bitcoin

Analysts are closely examining the impact of Michael Saylor, co-founder of MicroStrategy Inc. (NASDAQ:MSTR), on exchange-traded funds (ETFs) that are linked to the company’s performance. This comes amid a significant surge in MicroStrategy’s stock, driven by its substantial Bitcoin (CRYPTO: BTC) holdings.

What Happened: The volatility of MicroStrategy has led to significant returns for ETFs tied to its performance. The stock has surged 416.19% year-to-date, impacting various ETFs.

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Top stories on inkl right now

Airlines Face Israel Crew Rules: After flydubai incident, Air France bans Pakistani, Muslim-majority pilots

Airlines Face Israel Crew Rules: After flydubai incident, Air France bans Pakistani, Muslim-majority pilots

Air France has confirmed it is complying with new Israeli restrictions that bar flight crew members from certain nationalities from operating flights to Israel, a policy that reportedly affects citizens of 31 countries, most of them Muslim-majority nations, including Pakistan, Iran, Saudi Arabia, Algeria and Tunisia.

The Times of India

First Thing: Pope Leo recovering from surgery after lung cancer diagnosis

First Thing: Pope Leo recovering from surgery after lung cancer diagnosis

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The Guardian - UK

Trump heads to rallies in Arizona and Montana after campaign stop-off in Alaska – US politics live

Trump heads to rallies in Arizona and Montana after campaign stop-off in Alaska – US politics live

Trump has taken to campaigning in conservative-leaning parts of competitive states, rather than in more politically diverse areas

The Guardian - UK

The GOP billionaire behind the biggest political gift in U.S. history could be sued for allegedly fueling a Chicago rat infestation

The GOP billionaire behind the biggest political gift in U.S. history could be sued for allegedly fueling a Chicago rat infestation

A city document says Barre Seid has paid workers for three years to scatter nuts in Lincoln Park, but officials say the practice draws rats.

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DNA ties a former Chicago detective to unsolved murder of 8-year-old girl

DNA ties a former Chicago detective to unsolved murder of 8-year-old girl

More than 1,300 people were interviewed and over a dozen individuals were questioned under polygraph throughout the investigation, police said

The Independent UK

Minnesota professor linked to series of bizarre incidents involving urine at university

Minnesota professor linked to series of bizarre incidents involving urine at university

Investigators determined professor responsible for urine found on a backpack, in trash cans and in water bottles

The Guardian - US

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Top stories on inkl right now

Airlines Face Israel Crew Rules: After flydubai incident, Air France bans Pakistani, Muslim-majority pilots

Airlines Face Israel Crew Rules: After flydubai incident, Air France bans Pakistani, Muslim-majority pilots

Air France has confirmed it is complying with new Israeli restrictions that bar flight crew members from certain nationalities from operating flights to Israel, a policy that reportedly affects citizens of 31 countries, most of them Muslim-majority nations, including Pakistan, Iran, Saudi Arabia, Algeria and Tunisia.

The Times of India

First Thing: Pope Leo recovering from surgery after lung cancer diagnosis

First Thing: Pope Leo recovering from surgery after lung cancer diagnosis

Vatican says operation on US-born head of Roman Catholic church was ‘successful’

The Guardian - UK

Trump heads to rallies in Arizona and Montana after campaign stop-off in Alaska – US politics live

Trump heads to rallies in Arizona and Montana after campaign stop-off in Alaska – US politics live

Trump has taken to campaigning in conservative-leaning parts of competitive states, rather than in more politically diverse areas

The Guardian - UK

The GOP billionaire behind the biggest political gift in U.S. history could be sued for allegedly fueling a Chicago rat infestation

The GOP billionaire behind the biggest political gift in U.S. history could be sued for allegedly fueling a Chicago rat infestation

A city document says Barre Seid has paid workers for three years to scatter nuts in Lincoln Park, but officials say the practice draws rats.

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

DNA ties a former Chicago detective to unsolved murder of 8-year-old girl

DNA ties a former Chicago detective to unsolved murder of 8-year-old girl

More than 1,300 people were interviewed and over a dozen individuals were questioned under polygraph throughout the investigation, police said

The Independent UK

Minnesota professor linked to series of bizarre incidents involving urine at university

Minnesota professor linked to series of bizarre incidents involving urine at university

Investigators determined professor responsible for urine found on a backpack, in trash cans and in water bottles

The Guardian - US

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