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📌 Table of Contents
✅ ETF Overview
🧠 Strategy & Structure
💼 Key Exposure
📈 Metrics & Data
🔍 Pros & Cons
✅ Conclusion
✅ 1. ETF Overview
- Name: Roundhill MSTR WeeklyPay™ ETF (Ticker: MSTW)
- Inception Date: July 24, 2025 (First traded on ~July 25)
- Issuer: Roundhill Investments
- Expense Ratio: 0.99%
📌 This ETF offers a weekly income stream while targeting 120% of the weekly total return of MicroStrategy (MSTR) stock. A unique mix of leveraged exposure and short-term income.
🧠 2. Strategy & Structure
- Aims to deliver weekly dividend payments + ~120% of weekly total return of MicroStrategy (MSTR).
- Uses derivatives such as total return swaps, call/put options, and some direct MSTR stock holdings.
- Actively managed (non-indexed), rebalanced weekly to maintain the strategy.
💼 3. Key Exposure
- 100% concentrated in MicroStrategy (MSTR) and its related derivatives.
- Portfolio breakdown (approx.):
- MSTR derivatives (options/swaps): ~74.75%
- MSTR stock: ~12.9%
- Cash & Others: ~12.3%
📌 No diversification – full single-stock risk exposure.
📈 4. Metrics & Data
MetricValue
| AUM | ~$6.9 million |
| Outstanding Shares | ~140,000 |
| NAV / Market Price | ~$49.00 |
| SEC 30-day Yield | Not disclosed |
| Avg Daily Volume | ~120,000 shares |
⚠️ Liquidity is limited due to recent launch and low AUM.
🔍 5. Pros & Cons
✅ Pros❌ Cons
| Weekly income + 120% leveraged upside to MSTR | Fully concentrated in a single stock |
| Great for short-term income strategies | Weekly reset can cause compounding drag |
| Simple exposure to a popular Bitcoin proxy stock | Very high volatility and potential for total capital loss |
| Unique tool for tactical trading or income stacking | Thin trading volume and wide bid-ask spreads |
✅ Conclusion
MSTW is a high-risk, high-reward ETF that combines weekly income with leveraged exposure to MicroStrategy, a company highly correlated with Bitcoin prices.
- 🟢 Best suited for: tactical traders and income-seeking investors with high risk tolerance.
- 🔴 Not recommended for: long-term buy-and-hold investors or those requiring diversified exposure.
⚠️ Use with caution. This is not a traditional dividend ETF — it’s a leveraged derivative product with income if and only if the weekly strategy performs.
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