The T-Rex 2X Long MSTR Daily Target ETF (MSTU) experienced a significant surge of 7.79% on Tuesday, as news broke of a massive $30 billion Bitcoin investment consortium being formed. This development is likely to have a substantial impact on MicroStrategy (MSTR), the company that the ETF is designed to provide leveraged exposure to.

According to reports, Brandon Luttner, son of U.S. Secretary of Commerce Howard Luttner, is spearheading an initiative through financial services firm Cantor to establish a Bitcoin investment consortium. This group, which includes major players such as SoftBank, Tether, and cryptocurrency exchange Bitfinex, is set to manage over $3 billion in cryptocurrency assets. The consortium aims to follow the successful strategy employed by MicroStrategy, which has transformed itself into a significant Bitcoin holder with assets worth tens of billions of dollars.

The formation of this high-profile Bitcoin investment group, coupled with the Trump administration's push for cryptocurrency-friendly policies, appears to have boosted investor confidence in MicroStrategy's business model. As a result, the T-Rex 2X Long MSTR Daily Target ETF, which aims to deliver twice the daily performance of MicroStrategy's stock, has seen a substantial increase in value. This move underscores the growing mainstream acceptance of cryptocurrencies and the potential for further institutional adoption, which could continue to drive both MicroStrategy's stock and related ETFs in the near future.