CoinDesk
Aug 6, 2025
2 0

Leveraged Anti-Strategy ETF SMST Rises 19%, Indicates Bearish Bitcoin Outlook

A U.S.-listed leveraged anti-Strategy ETF, the Defiance Daily Target 2x Short MSTR (SMST), increased by 19% last week, marking its best performance since February. This is the third consecutive weekly gain for the ETF since its launch in August 2022.

Key points:

  • The surge broke a bearish trendline from September 2024 highs of approximately $2,368 to below $20.
  • A bullish marubozu candle indicates strong buyer control and upward momentum.
  • This suggests a negative outlook for Strategy and bitcoin.
  • Strategy holds 628,791 BTC, valued at over $71 billion.
  • The SMST ETF seeks to deliver -200% of the daily percentage change in MSTR's share price.
  • In the past six months, the ETF attracted net inflows of $16.3 million, while its long counterpart experienced outflows exceeding $275 million.

SMST. (TradingView)