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Benzinga
Benzinga
Business
Chris Katje

Think Bitcoin Will Go Down? New ETF Bets Against Bitcoin Bull Michael Saylor And MicroStrategy

Michael Saylor Bitcoin MicroStrategy Nasdaq ETF Crypto MicroStrategy Incorporated NYSE REX Shares

MicroStrategy Incorporated (NASDAQ:MSTR) Executive Chairman Michael Saylor has been one of the most outspoken bulls for Bitcoin (CRYPTO: BTC) in recent years, a thesis that has played out at the software company he founded, which invests heavily in the leading cryptocurrency.

What Happened: A new ETF from Rex Shares called the Rex Short MSTR ETF will allow investors the opportunity to easily short the performance of MicroStrategy and in effect short the price of Bitcoin as well.

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