In a world of increasingly divided markets between yield-hungry investors and adrenaline-seeking traders, Defiance ETFs is convinced there are some who want both. Meet the Defiance Leveraged Long + Income MSTR ETF MST, a recently introduced fund that combines leveraged long exposure to MicroStrategy Inc (Strategy) MSTR stock with an unusual twist in the world of geared ETFs — weekly income.

It’s a high-wire performance: part momentum game, part revenue driver and all constructed around one of Wall Street’s most unstable surrogates for Bitcoin.

Also Read: New Grayscale ETF Lets You Invest In Bitcoin, Without The Coin

A First-of-Its-Kind Structure

MST is the inaugural ETF to provide 1.5x to 2x daily exposure to MicroStrategy (Strategy) while at the same time attempting to distribute income weekly through a credit call spread method. It’s a structural spin designed to calm the volatile wildness of leveraged investing with the promise of regular, options-based payouts.

The dual aim of the fund — long-term capital growth and income generation — demonstrates increasing demand among retail investors for products that provide more than a simple directional gamble.

But MST is not exactly a low-risk proposition: the levered element sees dramatic MicroStrategy (Strategy) movements working both ways, and the fund’s performance can stray from the mark when markets are volatile.

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MST itself holds no cryptocurrencies, but its underlying stock of MicroStrategy (Strategy) is nominally a Bitcoin exposure vehicle masquerading as such. With Chairman Michael Saylor at the helm, the company has amassed billions of Bitcoin and now marches in near-lockstep with crypto sentiment.

That makes MST, for good or bad, a means of playing Bitcoin’s upside (and downside) without actually holding the asset.

The firm bets on its success with previous MSTR-tied funds, the Daily Target 2X Long MSTR ETF MSTX and the Daily Target 2X Short MSTR ETF SMST, which collectively have grown more than $1 billion in assets. MST extends the firm further into its theme of democratizing thematic, tactical ETFs to retail investors — without dumbing down the complexity.

But this is no sleepy index fund. The options overlay and dynamic leverage of the fund mean that investors have to remain vigilant to both reward and risk. MST can produce income and leverage returns — but in volatile markets, it can also leverage losses.

MST provides an unorthodox combination of crypto-adjacent leverage and weekly income, designed for risk-willing investors seeking to straddle momentum and cash flow.

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