GraniteShares, an asset management company with AUM exceeding $10 billion, has submitted a new leveraged ETF application to track the stock prices of cryptocurrency-related companies such as Riot Platforms, Marathon Digital, MicroStrategy, and Robinhood. <\/p>
These funds will both long and short, with the 2x long ETF generating twice the daily return of the corresponding stock. For example, when Riot Platform's stock rises by 1%, GraniteShares 2x Long RIOT ETF will rise by 2%. <\/p>
This year, as cryptocurrency and stock markets reach historic highs, these leveraged ETFs have become very popular. Among them, the T-Rex 2x Long MSTR Daily Target Fund (stock code MSTU) has attracted over $1.8 billion in management assets. Similarly, the Defiance Daily Target 2X Long MSTR ETF (stock code MSTX) has accumulated $1.8 billion in assets. <\/p>
These funds have outperformed MicroStrategy over the past three months, during which time MicroStrategy's stock price has risen by 150%, while MSTU and MSTX have risen by 308% and 253%, respectively. <\/p>
However, the risk is that they typically perform worse than the underlying stock in bear markets. MicroStrategy's stock has fallen by 24% in the past 30 days, while MSTU and MSTX have fallen by over 50% in the same period.<\/p>\n","feeling":"unknown","counter":{"LIKES":0,"DISLIKES":0,"COMMENTS":0},"dateBoard":{"dayHuman":"Today","monthAndDay":"12\/22","weekName":"Sunday","date":"2024-12-22","time":"11:01:43"},"newsItems":[],"titleColor":"#000000","hot":{"value":0,"title":"","backgroundColor":"#FFFFFF"}},{"itemId":"601174","itemType":2,"title":"El Salvador has bought 25 BTC since receiving IMF loan","description":"El Salvador reached a temporary agreement with the International Monetary Fund (IMF) this week, planning to obtain a loan of approximately $1.4 billion under the new arrangement of the IMF's medium-term loan mechanism. According to market data forwarded by Bitcoin Magazine, El Salvador has bought 25 BTC worth more than $2.4 million since obtaining the IMF loan.","coverImageUrl":"","publishedAt":"2024-12-22T02:59:37.000000Z","creator":null,"category":{"name":"Point","uri":"\/flash-news\/category\/point"},"uri":"\/flash-news\/el-salvador-has-bought-25-btc-since-receiving-imf-loan-59017","actionItemType":"FLASH_NEWS","content":"{\"time\":1734836375363,\"blocks\":[{\"id\":\"6767806a2fc36\",\"type\":\"paragraph\",\"data\":{\"text\":\"El Salvador reached a temporary agreement with the International Monetary Fund (IMF) this week, planning to obtain a loan of approximately $1.4 billion under the new arrangement of the IMF's medium-term loan mechanism. According to market data forwarded by Bitcoin Magazine, El Salvador has bought 25 BTC worth more than $2.4 million since obtaining the IMF loan.\"}}],\"version\":\"2.26.5\"}","contentHTML":"
El Salvador reached a temporary agreement with the International Monetary Fund (IMF) this week, planning to obtain a loan of approximately $1.4 billion under the new arrangement of the IMF's medium-term loan mechanism. According to market data forwarded by Bitcoin Magazine, El Salvador has bought 25 BTC worth more than $2.4 million since obtaining the IMF loan.<\/p>\n","feeling":"unknown","counter":{"LIKES":0,"DISLIKES":0,"COMMENTS":0},"dateBoard":{"dayHuman":"Today","monthAndDay":"12\/22","weekName":"Sunday","date":"2024-12-22","time":"10:59:37"},"newsItems":[],"titleColor":"#000000","hot":{"value":0,"title":"","backgroundColor":"#FFFFFF"}},{"itemId":"601170","itemType":2,"title":"Gary Gensler promoted five senior SEC enforcement officials, which attracted the attention of the crypto community.","description":"still-in-office Chairman of the US Securities and Exchange Commission, Gary Gensler, promoted five senior officials, many of whom are key figures in cryptocurrency-related law enforcement. It is reported that the promotion process usually takes several years, but this time it was carried out low-key and quickly completed, causing the crypto community to question its timing and purpose. Former SEC official John Reed Stark said that Gary Gensler's personnel actions were carried out before the new chairman, Paul Atkins, took office, and these five senior officials may continue to serve in the SEC after Trump takes office. This may cause conflicts when the new chairman tries to overturn old policies.","coverImageUrl":"","publishedAt":"2024-12-22T02:57:39.000000Z","creator":null,"category":{"name":"Point","uri":"\/flash-news\/category\/point"},"uri":"\/flash-news\/gary-gensler-promoted-five-senior-sec-enforcement-officials-81055","actionItemType":"FLASH_NEWS","content":"{\"time\":1734836257672,\"blocks\":[{\"id\":\"67677fc026dcb\",\"type\":\"paragraph\",\"data\":{\"text\":\"still-in-office Chairman of the US Securities and Exchange Commission, Gary Gensler, promoted five senior officials, many of whom are key figures in cryptocurrency-related law enforcement. It is reported that the promotion process usually takes several years, but this time it was carried out low-key and quickly completed, causing the crypto community to question its timing and purpose. Former SEC official John Reed Stark said that Gary Gensler's personnel actions were carried out before the new chairman, Paul Atkins, took office, and these five senior officials may continue to serve in the SEC after Trump takes office. This may cause conflicts when the new chairman tries to overturn old policies.\"}}],\"version\":\"2.26.5\"}","contentHTML":"
still-in-office Chairman of the US Securities and Exchange Commission, Gary Gensler, promoted five senior officials, many of whom are key figures in cryptocurrency-related law enforcement. It is reported that the promotion process usually takes several years, but this time it was carried out low-key and quickly completed, causing the crypto community to question its timing and purpose. Former SEC official John Reed Stark said that Gary Gensler's personnel actions were carried out before the new chairman, Paul Atkins, took office, and these five senior officials may continue to serve in the SEC after Trump takes office. This may cause conflicts when the new chairman tries to overturn old policies.<\/p>\n","feeling":"unknown","counter":{"LIKES":0,"DISLIKES":0,"COMMENTS":0},"dateBoard":{"dayHuman":"Today","monthAndDay":"12\/22","weekName":"Sunday","date":"2024-12-22","time":"10:57:39"},"newsItems":[],"titleColor":"#000000","hot":{"value":0,"title":"","backgroundColor":"#FFFFFF"}},{"itemId":"601158","itemType":2,"title":"Magic Eden: More chains will be supported in the future","description":"Jack Lu, co-founder and CEO of Magic Eden, stated in a post on X that \"all chains, all assets, all communities\" are supported by Magic Eden. The platform currently supports 11 chains and will add more in the future for users to explore. These 11 chains include Solana, Bitcoin, Ethereum, Base, ApeChain, Arbitrum, Sei, BNB Chain, Polygon, Berachain, and Monad.","coverImageUrl":"","publishedAt":"2024-12-22T02:23:46.000000Z","creator":null,"category":{"name":"Point","uri":"\/flash-news\/category\/point"},"uri":"\/flash-news\/magic-eden-94214","actionItemType":"FLASH_NEWS","content":"{\"time\":1734834221559,\"blocks\":[{\"id\":\"6767768608955\",\"type\":\"paragraph\",\"data\":{\"text\":\"Jack Lu, co-founder and CEO of Magic Eden, stated in a post on X that \\\"all chains, all assets, all communities\\\" are supported by Magic Eden. The platform currently supports 11 chains and will add more in the future for users to explore. These 11 chains include Solana, Bitcoin, Ethereum, Base, ApeChain, Arbitrum, Sei, BNB Chain, Polygon, Berachain, and Monad.\"}}],\"version\":\"2.26.5\"}","contentHTML":"
Jack Lu, co-founder and CEO of Magic Eden, stated in a post on X that \"all chains, all assets, all communities\" are supported by Magic Eden. The platform currently supports 11 chains and will add more in the future for users to explore. These 11 chains include Solana, Bitcoin, Ethereum, Base, ApeChain, Arbitrum, Sei, BNB Chain, Polygon, Berachain, and Monad.<\/p>\n","feeling":"unknown","counter":{"LIKES":0,"DISLIKES":0,"COMMENTS":0},"dateBoard":{"dayHuman":"Today","monthAndDay":"12\/22","weekName":"Sunday","date":"2024-12-22","time":"10:23:46"},"newsItems":[],"titleColor":"","hot":{"value":0,"title":"","backgroundColor":"#FFFFFF"}},{"itemId":"601153","itemType":2,"title":"Michael Saylor: Trump is seriously considering establishing a national Bitcoin reserve","description":"Michael Saylor, co-founder and CEO of MicroStrategy, said: \"I think Trump is serious about establishing a National Bitcoin Reserve.\"","coverImageUrl":"","publishedAt":"2024-12-22T02:22:36.000000Z","creator":null,"category":{"name":"Point","uri":"\/flash-news\/category\/point"},"uri":"\/flash-news\/michael-saylor-35159","actionItemType":"FLASH_NEWS","content":"{\"time\":1734834154378,\"blocks\":[{\"id\":\"676776d090b9e\",\"type\":\"paragraph\",\"data\":{\"text\":\"Michael Saylor, co-founder and CEO of MicroStrategy, said: \\\"I think Trump is serious about establishing a National Bitcoin Reserve.\\\"\"}}],\"version\":\"2.26.5\"}","contentHTML":"
Michael Saylor, co-founder and CEO of MicroStrategy, said: \"I think Trump is serious about establishing a National Bitcoin Reserve.\"<\/p>\n","feeling":"unknown","counter":{"LIKES":0,"DISLIKES":0,"COMMENTS":0},"dateBoard":{"dayHuman":"Today","monthAndDay":"12\/22","weekName":"Sunday","date":"2024-12-22","time":"10:22:36"},"newsItems":[],"titleColor":"","hot":{"value":0,"title":"","backgroundColor":"#FFFFFF"}}]}