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MicroStrategy Stock Falls as Bitcoin ETF Launches

By: ETF Trends

October 21, 2021 at 11:45 AM EDT

MicroStrategy Inc (MSTR) fell 2.7% on Tuesday during the launch of the ProShares Bitcoin Strategy ETF (BITO). MicroStrategy, which made bitcoin acquisition a second mandate earlier this year, had since become a sort of bitcoin-proxy investment for investors looking for exposure to crypto. With a...

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