According to Techub News, Bloomberg ETF analyst Eric Balchunas tweeted that GraniteShares, an asset management company based in New York with over $10 billion in AUM, has filed for new leveraged ETFs to track companies such as Riot Platforms, Marathon Digital, MicroStrategy, and Robinhood. These funds will take both long and short positions. The 2x long ETF will generate twice the daily returns of the corresponding stocks.
Other companies have also launched different types of cryptocurrency-focused ETFs. In addition to leveraged funds, YieldMax has introduced covered call options ETFs targeting several cryptocurrency companies. The company launched Coin Option Income, MARA Option Income, and MSTR Option Income ETFs. These ETFs use a covered call options strategy to provide investors with monthly income. In a covered call option, the fund invests in stocks, sells call options, and collects premiums, distributing the premiums to investors each month.
