MicroStrategy’s 2x leveraged ETF (MSTU) has surged 225% in just six months, breaking into the top 1% of ETFs with over $1 billion in assets. The ETF now boasts Bitcoin-level volatility, making it one of the most volatile ETFs in America. Additionally, MSTX has raised its leverage from 1.75x to 2x to match MSTU, effectively providing 4x Bitcoin exposure. This surge in leveraged MicroStrategy ETFs coincides with Bitcoin nearing its all-time high, intensifying demand for these financial products. Competition is growing between risky, leveraged ETFs built around MicroStrategy stock (MSTR), with both MSTR and Bitcoin increasing in value, according to Cryptoquant.