MSTU lost 95% over the past year, outpacing MSTR’s 67% decline
MSTU dropped 14% on Friday, compounding its 95% loss over the past year. The daily reset leverage has exacerbated the decline, even when Bitcoin ends flat.
The fund’s underlying, MSTR, fell about 7% from $129 to $120, while Bitcoin broke below $60,786. A $10,000 stake in MSTU bought at Thursday’s close was worth about $8,633 at Friday’s bell.
MSTU is down 44% over the past week, 61% over the past month, and 59% year to date. The one-year loss of 95.4% is a significant decline, with the share price falling from $74.10 to $3.41.
The leveraged wrapper did not double MSTR’s loss, but nearly tripled it, from $368.79 to $120.44, highlighting the impact of daily reset leverage on the fund’s performance.