Bitcoin Shorts Get Crushed as Anti-Strategy ETF Hits Record Low
Market Reaction to Bitcoin and Strategy: The Defiance 2x Short Strategy ETF (SMST) has seen a significant decline, dropping over seven percent as Bitcoin prices surged past $122,000, indicating a capitulation among bearish traders. In contrast, the Defiance 2x Long Strategy ETF (MSTX) rose sharply, reflecting renewed bullish momentum for Strategy (formerly MicroStrategy).
Analyst Confidence in Strategy: Analysts are increasingly optimistic about Strategy's stock, with 11 out of 12 recent ratings being "Buy" and price targets suggesting potential upside, highlighting strong market confidence amidst Bitcoin's upward trend.
Trade with 70% Backtested Accuracy
Analyst Views on SMST

No data
About the author

Market Reaction to Bitcoin and Strategy: The Defiance 2x Short Strategy ETF (SMST) has seen a significant decline, dropping over seven percent as Bitcoin prices surged past $122,000, indicating a capitulation among bearish traders. In contrast, the Defiance 2x Long Strategy ETF (MSTX) rose sharply, reflecting renewed bullish momentum for Strategy (formerly MicroStrategy).
Analyst Confidence in Strategy: Analysts are increasingly optimistic about Strategy's stock, with 11 out of 12 recent ratings being "Buy" and price targets suggesting potential upside, highlighting strong market confidence amidst Bitcoin's upward trend.

Investment Potential: SmartStop Self Storage REIT, Inc. (NYSE:SMA) has been upgraded to a Strong Buy by Raymond James, with a price target increase to $44.00 due to its high-quality portfolio and impressive returns of 9.24% year-to-date compared to the market's 1.72%.
Growth Outlook: The company has shown a revenue growth of 5.34% over the past year, with analysts predicting a 9% growth for the current fiscal year, indicating strong organic growth potential and positioning SMA as a promising investment opportunity.
Reverse Stock Split Announcement: Tidal Trust II's board has approved a 1-for-20 reverse stock split for the Defiance Daily Target 2X Short MSTR ETF (SMST), effective after trading on May 22, which will reduce outstanding shares by approximately 95%.
Impact on Investors: Following the split, the fund's net asset value and market price will adjust to twenty times their pre-split values, as SMST investors have faced significant losses due to MSTR's substantial stock price increase this year.
Introduction of MST ETF: Defiance ETFs has launched the MST, a unique fund that offers leveraged long exposure to MicroStrategy Inc. while providing weekly income through an innovative credit call spread method, catering to investors seeking both growth and income.
Investment Risks and Structure: Although MST aims for capital growth and income generation, it carries significant risks due to its leveraged nature and connection to volatile cryptocurrency markets, making it suitable for risk-tolerant investors.

New Investment Options: REX Shares and Tuttle Capital Management have launched two new ETFs, the T-REX 2X Long MSTR Daily Target ETF (MSTU) and the T-REX 2X Inverse MSTR Daily Target ETF (MSTZ), providing investors with leveraged and inverse exposure to MicroStrategy's stock, which is closely tied to Bitcoin's performance.
MicroStrategy's Market Performance: MicroStrategy has seen significant stock gains, up 94% in 2024 and 790% over five years, driven by its substantial Bitcoin holdings, with plans to continue acquiring more Bitcoin as part of its investment strategy.








