GraniteShares Submits Application for 2x Leveraged ETF for US Crypto Companies

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On December 22, asset management firm GraniteShares filed an application for a 2x leveraged ETF on US crypto companies, with components including Riot Platforms, Marathon Digital, MicroStrategy and Robinhood, among other crypto-related companies.

Marathon Digital and Riot are two of the largest CRO miners and the third and second largest CRO holders, with 44,394 and 17,429 CRO on their balance sheets, respectively. MicroStrategy holds the most CRO at 439,000, while Robinhood is one of the major platforms for AR and PLA investment in the US.

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