MSTP
GraniteShares 2x Long MSTR Daily ETF
📎 Investment Objective
The GraniteShares 2x Long MSTR Daily ETF (MSTP) seeks to provide 2x the daily return of the price of Bitcoin, as measured by the Coin Metrics Bitcoin Reference Rate (BRR).
Overview
ETF tracking GraniteShares 2x Long MSTR Daily ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The GraniteShares 2x Long MSTR Daily ETF (MSTP) seeks to provide 2x the daily return of the price of Bitcoin, as measured by the Coin Metrics Bitcoin Reference Rate (BRR).
🎯 Investment Strategy
The fund uses swap agreements and other derivatives to provide leveraged exposure to Bitcoin. It does not invest directly in Bitcoin or other cryptocurrencies.
✨ Key Features
- Provides 2x the daily return of Bitcoin, before fees and expenses
- Uses derivatives to achieve leveraged exposure, not direct investment in Bitcoin
- Resets daily, so longer-term performance may differ from 2x Bitcoin
- Relatively small fund with low assets under management
⚠️ Primary Risks
- Significant risk of loss due to the leveraged nature of the fund
- Potential for divergence between fund performance and 2x Bitcoin over time
- Liquidity risk and premium/discount to net asset value
- Risks associated with use of derivatives and counterparty exposure
👤 Best For
This ETF is intended for experienced, risk-tolerant investors who seek short-term, speculative exposure to Bitcoin price movements and understand the risks of leveraged investing. It is not suitable for long-term or conservative investors.
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