GraniteShares files for RIOT, MARA, MSTR and HOOD ETFs

WikiBit 2024-12-22 01:00

GraniteShares, a fast-growing asset manager with over $10 billion, has filed for new crypto-linked exchange-traded funds. On Friday, Dec. 20, the New

MSTU vs MSTR vs MSTX | Source: crypto.news

However, the risk is that their performance is usually worse than that of the underlying stock in a bear market. MicroStrategy stock dropped by 24% in the last 30 days, while the MSTU and MSTX have fallen by over 50% in the same period.

The same performance has happened among other leveraged ETFs over time. For example, the ProShares UltraPro QQQ ETF, which generates 3x returns of the Nasdaq 100 index, dropped by 79% in 2022 as the underlying asset fell by 32%. It closed Friday at $30.75, down 2.54%.

Other companies have launched other types of cryptocurrency-focused ETFs. In addition to leveraged funds, YieldMax has launched covered call ETFs on several crypto companies. It launched the Coin Option Income, MARA Option Income, and MSTR Option Income ETFs.

These ETFs use the covered call options strategies to provide monthly income to their investors. In a covered call option, the fund invests in the stocks, sells call options, and receives premiums, which it distributes to investors monthly.

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