Innovative Exchanged Traded Products (ETPs) provider GraniteShares ETP has passed the $2 billion assets under management milestone as demand from investors for solutions enabling them to generate outsized returns continues to grow.
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Will Rhind, Founder and CEO at GraniteShares
- European Investors Earned Impressive Returns in Leveraged ETPs linked to AI
- Key themes driving returns this year include AI and Cryptocurrency
The global ETP issuer, which launched in the US in 2017 and the UK in 2019 before expanding to France, Italy and Germany, offers a range of ETPs listed on national exchanges in the UK, France, Italy, and Germany.
Assets under management has grown from around $1.4bn to $2bn in the past 12months as sophisticated investors have embraced leveraged ETFs on single stocks such as NVIDIA, Tesla and Coinbase.
Top performers last year earned investors returns of more than 1,800% with GraniteShares 3x Long NVIDIA Daily ETP (3LNV) gaining 1824.47% and GraniteShares 3x Long MicroStrategy Daily ETP (3LMI) adding 1401.66%.
Key themes for 2023 were artificial intelligence and cryptocurrencies and the upcoming Bitcoin halving due in April this year is expected to drive further interest in cryptocurrency’s and crypto proxies such as 3x Long Microstrategy (3LMI) and 3x Long Coinbase (3LCO).
Will Rhind, Founder and CEO of GraniteShares, said: “Hitting the $2 billion AUM milestone for our global operations is a major achievement and highlights the success of our focus on reshaping traditional asset classes into more accessible, affordable and efficient investment opportunities.
“Expansion in Europe has made a major contribution to the growth in AUM and investors are benefiting from amplifying returns by going long on selected stocks and benefiting from fixed daily leverage.
Source: ETFWorld.co.uk
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