Graniteshares sees AUM grow by +287% in just under six

Graniteshares sees AUM grow by +287% in just under six months to reach $6 billion

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Will Rhind, Founder and CEO at GraniteShares

• Growing interest in taking leveraged exposures and hedging portfolios sees investors going long and short on some of the world’s biggest and most popular stocks

GraniteShares, the largest provider by AUM of leveraged single stock ETFs and ETPs, has seen its AUM grow from $1.7 billion on 1^st January 2024, to more than $6 billion today ($6.58 billion as of 18/06/2024).

Notably, in Europe ETPs like the GraniteShares 3x Long Nvidia (3LNV) and the GraniteShares 3x Long Coinbase (3LCO) have seen growing volumes, as investors embrace AI and crypto.

Will Rhind, Founder and CEO of GraniteShares, said: “Our growth is an example of the trend of more  investors looking for amplified market exposures. They increasingly recognize the potential to extract higher returns from sectors such as AI, tech and crypto. Our products enable them to leverage their views by going long and short on single stocks in an efficient way.”

Source: ETFWorld.co.uk