According to Techub News, Bloomberg ETF analyst Eric Balchunas tweeted that GraniteShares, a New York-based asset management firm with over $10 billion in AUM, has applied for a new leveraged ETF to track companies such as Riot Platforms, Marathon Digital, MicroStrategy, and Robinhood. These funds will be both long and short. The 2x long ETF will generate twice the daily return of the corresponding stocks.
Other companies have also launched other types of crypto-focused ETFs. In addition to leveraged funds, YieldMax has launched covered call option ETFs targeting several cryptocurrency companies. The company has launched Coin Option Income, MARA Option Income, and MSTR Option Income ETFs. These ETFs use a covered call option strategy to provide monthly income for investors. In the covered call options, the fund invests in the stocks, sells call options, and collects the premium, which is then distributed to investors on a monthly basis.
