According to Crypto.news, GraniteShares, an asset management firm headquartered in New York with over $10 billion in AUM, has filed for a 2x leveraged ETF on U.S. crypto-related companies, including Riot Platforms, Marathon Digital, MicroStrategy and Robinhood.
These funds will take both long and short positions, with the 2x long ETF generating twice the daily return of the corresponding stocks. Marathon Digital and Riot are two of the largest Bitcoin mining companies and the third and second largest Bitcoin holders, with 44,394 and 17,429 Bitcoins on their balance sheets respectively. MicroStrategy holds the most Bitcoins at 439,000, while Robinhood is one of the major platforms for crypto and stock investments in the U.S.
