PANews December 22 news, according to Crypto.news, New York-based asset management company GraniteShares, with over $10 billion in AUM, has applied for a new leveraged ETF to track companies such as Riot Platforms, Marathon Digital, MicroStrategy, and Robinhood. These funds will go long and short simultaneously. The 2x long ETF will generate twice the daily returns of the corresponding stocks.
Other companies have also launched other types of cryptocurrency-focused ETFs. In addition to leveraged funds, YieldMax has launched covered call option ETFs targeting several cryptocurrency companies. The company has introduced Coin Option Income, MARA Option Income, and MSTR Option Income ETFs. These ETFs use a covered call option strategy to provide investors with monthly income. In covered call options, the fund invests in stocks, sells call options, and collects premiums, distributing the premiums to investors monthly.
