According to Deep Tide TechFlow news, as reported by Crypto.news, the New York-based asset management company GraniteShares, with an AUM of over $10 billion, has submitted an application for a 2x leveraged ETF for a U.S. crypto company, with constituent stocks including crypto-related companies such as Riot Platforms, Marathon Digital, MicroStrategy, and Robinhood.
These funds will simultaneously go long and short, with the long 2x ETF generating twice the daily return of the corresponding stocks.
Marathon Digital and Riot are the two largest Bitcoin mining companies and are the third and second largest holders of Bitcoin, with 44,394 and 17,429 Bitcoins on their balance sheets, respectively. MicroStrategy holds the most Bitcoin, with 439,000, while Robinhood is one of the leading platforms for cryptocurrency and stock investment in the United States.
