GraniteShares 2x Long AAPL Daily ETF (AAPB) is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 200% of the daily percentage change of the common stock of Apple Inc. (NASDAQ: AAPL); the fund achieves this leveraged exposure through derivatives such as swaps and options linked to AAPL stock, targeting high-conviction investors seeking magnified daily returns on Apple without margin borrowing or collateral requirements. Launched on August 9, 2022, AAPB forms part of GraniteShares' broader lineup of leveraged and inverse single-stock ETFs, including similar 2x long daily products on stocks like NVIDIA, Tesla, and Coinbase; GraniteShares, founded in 2016 and headquartered in New York, NY, also offers commodity ETFs on gold and platinum, high-income strategies, disruptive technology funds, short and leveraged ETPs on U.S., UK, and European equities, and concentrated FAANG equity baskets listed across major exchanges in the U.S., UK, Italy, France, and Germany. The firm operates globally with assets under management exceeding $10.9 billion as of September 2025, serving institutional and retail investors focused on innovative, cost-efficient alternative investment solutions backed by Bain Capital Ventures. In recent developments, GraniteShares expanded its YieldBOOST lineup with new ETF launches in December 2025 targeting Riot Platforms (RTYY) and Hims & Hers Health (HMYY), which employ options strategies on underlying leveraged single-stock ETFs to generate income; earlier in 2025, the firm introduced YieldBOOST products on MicroStrategy (MTYY) and Palantir (PLYY) in September, alongside SEC filings for additional funds, reflecting ongoing product innovation and growth in its options-income and leveraged ETF platforms amid rising AUM.