PANews reported on October 31 that according to Decrypt, ETF issuer Defiance announced on Tuesday that it would increase the leverage multiple of its fund tracking MicroStrategy's stock price to match the leverage multiple set by competitor T-Rex. Defiance said in a statement: "The daily target exposure of MSTX and SMST ETFs will be increased from 1.75 times and 1.5 times to 2 times, respectively. As the BTC market rises, the equally high-risk MSTR-based funds have attracted a large influx of investor funds. Increasing the leverage multiple will keep the issuer's ETF competitive."