graniteshares

GraniteShares announced the upcoming launch of the first leveraged ETFs in the United States based on SK Hynix, offering 2x long and 2x short exposure, providing investors with leveraged trading tools for a single AI storage leader.

According to Cointelegraph, ETF issuers Bitwise and GraniteShares have submitted applications to the U.S. Securities and Exchange Commission to launch event contract funds linked to the results of the U.S. elections.Bitwise's prospectus submitted on Tuesday shows that it plans to launch six prediction market-style ETFs named "PredictionShares" on NYSE Arca. These funds will track the partisan affiliation results of the 2028 presidential election and the 2026 congressional elections—if the Democratic or Republican party wins, the corresponding fund will gain capital appreciation; if they do not win, the fund will "essentially lose all value."At least 80% of each fund's net assets will be invested in binary event contracts traded on CFTC-regulated exchanges. Such contracts settle at $1 when the outcome occurs, and $0 otherwise.On the same day, ETF issuer GraniteShares also submitted prospectuses for six similarly structured election result-linked funds.Roundhill submitted a similar fund application on February 14. Bloomberg ETF analyst James Seyffart commented, "The financialization and ETF-ization of everything continues. This is not the first such application, and it is highly unlikely to be the last."

ChainCatcher news, Bloomberg analyst James Seyffart posted that GraniteShares has submitted a batch of 3x leveraged cryptocurrency ETF filings, covering Bitcoin, Ethereum, SOL, and XRP.

ChainCatcher news reports that GraniteShares, an asset management company with over $10 billion in AUM, has submitted a new leveraged ETF application 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 stocks. 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) has 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 rose by 150%, while MSTU and MSTX rose by 308% and 253%, respectively. However, the risk is that in a bear market, their performance typically lags behind the underlying stocks. MicroStrategy's stock has fallen by 24% in the past 30 days, while MSTU and MSTX have dropped by over 50% during the same period.

ChainCatcher news, senior ETF analyst Eric Balchunas stated on X that the asset management company GraniteShares has applied for 25 "YieldBOOST" ETFs, which seek high income by trading options on volatile assets such as QQQ, NVDA, TSLA, the Chinese stock market, gold, natural gas, and Bitcoin.