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Greenlight Capital has established short positions in two leveraged ETFs related to MicroStrategy.
Odaily Planet Daily News Greenlight Capital billionaire founder David Einhorn revealed in his latest letter to investors that Greenlight Capital has established short positions in two leveraged ETFs related to the largest Bitcoin company holder MicroStrategy, these funds - T-Rex 2x Long MSTR Daily Target ETF and Defiance Daily Target 2X Long MSTR ETF - have become popular for attempting to double MicroStrategy's return.
David Einhorn said, 'It is more likely that level-headed governments should not borrow trillions of dollars from the bond market to speculate on BTC. In fact, doing so has no strategic significance.' (CNBC)