Adam Back Criticizes New ETF Targeting MicroStrategy
Adam Back, CEO of Blockstream, has openly criticized the Defiance 2X Short MSTR ETF, referring to it as “awful” and raising doubts about its future. This exchange-traded fund aims to short MicroStrategy Incorporated, a company with large Bitcoin holdings. The main concern for Back is the potential risks associated with the ETF’s strategy, given Bitcoin‘s … Read more