Bearish strategy ETF SMST spikes 7% amid correction risk in Bitcoin

The SMST ETF increased by 7% on August 5, reflecting traders’ concerns about potential declines in Bitcoin’s value.

MicroStrategy holds more than 628,000 BTC, worth over 71 billion USD, with its stock price closely tied to Bitcoin’s market fluctuations.

Recent data indicates that the SMST ETF has attracted 16.3 million USD in inflows, while bullish ETFs have seen significant outflows, suggesting traders expect bearish movements.