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GraniteShares launches Bitcoin ETPs

Source: GraniteShares

ETP provider GraniteShares is responding to growing demand with the launch of 23 new products including the first Spotify and MicroStrategy 3xLong and 3xShort ETPs listed on the London Stock Exchange.

The latest launches in London offer investors access to a wide range of opportunities across US technology, Chinese technology, electric vehicles and crypto related products.

Research* for GraniteShares, which offers a range of 3x short and 3x leveraged ETPs on popular UK, US, and European stock, found more than one in four (26%) of investors who have bought individual shares in the past year plan to boost investment in funds and ETPs over the next 12 months.

New ETPs listed in London include 3xLong and 3xShort ETPs focused on US tech giants including Palantir, AMD and Spotify as well as Chinese tech giant Alibaba. There are 2x Long and 2x Short ETPs for Zoom.

Other sectors covered Volkswagen which is expanding into electric vehicles and crypto-related ETPs covering Coinbase, MicroStrategy and Block (Square).

The latest launches build on growing interest in ETPs in the UK and expansion at GraniteShares across Europe in the past year which has seen it list products on national exchanges in Germany, France and Italy.

Will Rhind, Founder and CEO of GraniteShares, said: “Investor demand for ETPs is expanding in the UK in response to current market conditions and the latest launches are designed to meet the increased interest.

“They include the first ETPs in the UK covering Spotify and MicroStrategy as well as providing more opportunities to invest in US technology, Chinese technology and other interesting sectors such as electric vehicles and crypto.

“In today’s volatile stock market, short and leveraged ETPs enhance the trading toolkit by allowing sophisticated investors the possibility to magnify returns in falling as well as rising markets”

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