GraniteShares 3x Short BNP Daily ETP (ticker: 3SBN.PA) is an exchange-traded product domiciled in Ireland that provides three times the inverse (-3x) daily performance of BNP Paribas SA stock, adjusted for fees and financing costs; it collateralizes its exposure through cash deposits backed by swaps with counterparties; and trades on Euronext Paris alongside other GraniteShares leveraged and short single-stock ETPs. GraniteShares issues a broad range of exchange-traded products and funds worldwide, including leveraged and inverse single-stock ETPs on blue-chip companies such as Netflix, Tesla, AMD, Diageo, and Barclays; commodity ETPs including physically backed gold; high-income YieldBOOST ETFs employing options strategies on leveraged single-stock ETFs for companies like Riot Platforms, Hims & Hers Health, Rigetti Computing, and D-Wave Quantum; and U.S. large-cap disruptive technology indices in partnership with Nasdaq. Products target sophisticated investors seeking short-term tactical exposure and are listed on exchanges including the London Stock Exchange, Euronext Paris, and U.S. platforms; GraniteShares operates globally across the United States, United Kingdom, Europe (including France, Germany, Italy), and Asia. GraniteShares was founded in 2016 by William Rhind and is headquartered in London for its European operations, with key U.S. offices in New York; GraniteShares Limited provides operating and marketing services to GraniteShares Jersey Limited. In the last two years, GraniteShares has expanded aggressively with multiple YieldBOOST ETF launches including RTYY and HMYY on Riot Platforms and Hims & Hers in December 2025, RGYY and QBYY on quantum computing firms in November 2025, and others on Meta and Alibaba in October 2025; introduced new leveraged single-stock ETFs such as ISUL, NBIS, PDDL, NOWL, and AVGU; reached $13 billion in assets under management by October 2025; and announced YBST and YBTY fund-of-funds in December 2025.