GraniteShares 2x Short MSTR Daily ETF
MSDD
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- GraniteShares 2x Short MSTR Daily ETF (MSDD) is an exchange-traded fund that seeks daily investment results, before fees and expenses, of two times (200%) the inverse (opposite) of the daily percentage change of MicroStrategy Incorporated (MSTR) common shares. The ETF employs a synthetic covered call strategy through swap agreements with major financial institutions to achieve its leveraged inverse exposure to MSTR, a company heavily invested in Bitcoin holdings; it does not invest directly in MSTR stock or Bitcoin. GraniteShares offers a range of single-stock and broad-market leveraged and inverse ETFs, including products tracking Tesla (TSLA), Nvidia (NVDA), and the Nasdaq-100 Index, providing institutional and retail investors with tactical trading tools for short-term market positioning. Headquartered in New York and founded in 2017, GraniteShares operates primarily in the United States and Europe, targeting sophisticated investors seeking leveraged exposure to individual equities and sectors amid volatile cryptocurrency-related markets influenced by Bitcoin prices. The firm, regulated as an issuer of exchange-traded products, manages assets across its ETF suite with a focus on daily resetting leverage to mitigate long-term drift risks associated with compounded returns. GraniteShares has no publicly disclosed parent company but maintains strategic relationships with authorized participants and swap counterparties for efficient ETF creation and redemption processes. In recent developments as of late 2025, GraniteShares launched the MSDD ETF in mid-2025 to capitalize on demand for inverse exposure to MSTR amid heightened volatility from President Donald Trump's pro-Bitcoin policies and MicroStrategy's aggressive BTC accumulation strategy. This new offering complements the firm's existing GraniteShares 2x Long MSTR Daily ETF (MSTX), enabling paired long/short trading opportunities for hedging Bitcoin proxy positions; no major acquisitions, funding rounds, or reorganizations have been announced in the past 1-2 years. The ETF's introduction aligns with GraniteShares' expansion into crypto-adjacent leveraged products, enhancing its portfolio amid surging interest in single-stock ETFs post-2024 regulatory approvals.