TechFlow news, according to Crypto.news, GraniteShares, a New York-based asset management firm with over $10 billion in AUM, has filed an application for a 2x leveraged ETF focused on U.S. publicly traded cryptocurrency companies, including Riot Platforms, Marathon Digital, MicroStrategy, and Robinhood.
These funds will offer both long and short positions; the 2x long ETF will generate twice the daily return of the underlying stocks.
Marathon Digital and Riot are two of the largest Bitcoin mining companies and rank as the third and second-largest Bitcoin holders, with 44,394 and 17,429 Bitcoins on their balance sheets, respectively. MicroStrategy holds the most Bitcoin at 439,000 coins, while Robinhood is one of the leading platforms in the U.S. for investing in cryptocurrencies and stocks.
