GraniteShares Bets Big on Crypto: New Leveraged ETFs Target Riot, Marathon, MicroStrategy & More 👏🏻
GraniteShares, a prominent asset manager with over $10 billion in assets, has filed for new leveraged crypto-linked ETFs targeting companies like #Riot Platforms, Marathon Digital, #MicroStrategy and Robinhood. These ETFs will include 2x long and 2x short funds, offering twice the daily returns (or losses) of the underlying stocks. The demand for leveraged ETFs has surged due to high returns in bullish markets, but they carry significant risks in downturns.
GraniteShares’ move aligns with broader trends in cryptocurrency-focused ETFs, including covered call options introduced by YieldMax to generate monthly income for investors.
This is bullish!
If you enjoy my content, feel free to tip me ❤️