Odaily Planet Daily News: Asset management company GraniteShares, with over $10 billion in assets under management, has submitted new applications for leveraged ETFs to track the stock prices of crypto-related companies such as Riot Platforms, Marathon Digital, MicroStrategy, and Robinhood. These funds will go long and short simultaneously, with the 2x long ETF generating twice the daily return of the corresponding stock. For example, when Riot Platform's stock rises by 1%, the GraniteShares 2x Long RIOT ETF will rise by 2%. This year, as the cryptocurrency and stock markets reached all-time highs, these leveraged ETFs have become very popular. Among them, the T-Rex 2x Long MSTR Daily Target fund (ticker symbol: MSTU) attracted over $1.8 billion in managed assets. Similarly, the Defiance Daily Target 2X Long MSTR ETF (ticker symbol: MSTX) has accumulated $1.8 billion in assets. These funds have outperformed MicroStrategy over the past three months, during which MicroStrategy's stock price increased by 150%, while MSTU and MSTX rose by 308% and 253%, respectively. However, the risk is that in a bear market, their performance is often worse than that of the underlying stocks. MicroStrategy's stock has fallen by 24% in the past 30 days, while MSTU and MSTX have dropped by more than 50% during the same period. (crypto.news)