ETF Tracking Bitcoin Bear Market Surges to Record High: MSDD

[Para 1: The Lead] The GraniteShares 2x Short MSTR Daily ETF (MSDD), designed to move inversely with MSTR, has reached a record high, capitalizing on the downturn in Strategy and Bitcoin. As of February 4, 2026, MSDD's price stands at $114, a 13.5% year-to-date increase, following a 275% surge over the past year. [Para 2-3: Supporting details & Context] MSDD, trading on Nasdaq, aims to deliver -200% of MSTR's daily performance, offering a high-risk, short-term tactical tool for investors betting against MSTR. Strategy, the world's largest publicly listed Bitcoin holder, has fallen to $126, marking its lowest since September 2024, down 76% from its lifetime high of $543 in November 2025. Meanwhile, Bitcoin has dropped 12% this year, trading at $73,000, its lowest since late 2024, before recovering to $76,000 following a funding package that stabilized financial markets.