Microstrategy & ARK: More Similar Than You Think

A Brief Case Study in ETF Mechanics

I don’t mean to beat a dying horse with MSTR, and I imagine this week there are far more fun things to talk about in the bond and stock markets, but last night I noticed a technical development that I think speaks volumes about the trainwreck I expect to see in the coming months from Microstrategy (MSTR) — in particular the levered ETFs which amazingly still hold a combined AUM in excess of $1.5bln.