GraniteShares submits application for leveraged ETF of crypto-related companies including MicroStrategy
GraniteShares, an asset management company with AUM exceeding $10 billion, has submitted a new leveraged ETF application to track the stock prices of cryptocurrency-related companies such as Riot Platforms, Marathon Digital, MicroStrategy, and Robinhood.
These funds will both long and short, with the 2x long ETF generating twice the daily return of the corresponding stock. For example, when Riot Platform's stock rises by 1%, GraniteShares 2x Long RIOT ETF will rise by 2%.
This year, as cryptocurrency and stock markets reach historic highs, these leveraged ETFs have become very popular. Among them, the T-Rex 2x Long MSTR Daily Target Fund (stock code MSTU) has attracted over $1.8 billion in management assets. Similarly, the Defiance Daily Target 2X Long MSTR ETF (stock code MSTX) has accumulated $1.8 billion in assets.
These funds have outperformed MicroStrategy over the past three months, during which time MicroStrategy's stock price has risen by 150%, while MSTU and MSTX have risen by 308% and 253%, respectively.
However, the risk is that they typically perform worse than the underlying stock in bear markets. MicroStrategy's stock has fallen by 24% in the past 30 days, while MSTU and MSTX have fallen by over 50% in the same period.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More








