- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 205 Hudson Street, 7th Floor New York NY United States of America 10013
- IPO Date
- Jun 10, 2025
- Business
- GraniteShares 2x Long MSTR Daily ETF (MSTP) is an actively managed exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 2 times (200%) the daily percentage change of the common stock of MicroStrategy Incorporated (NASDAQ: MSTR); the fund achieves this exposure through financial instruments including swaps and options on the underlying stock, with notional exposure reset daily to approximately 200% of the fund's net asset value; it is non-diversified and designed for short-term trading rather than long-term holding due to compounding effects and volatility decay. Launched on June 9, 2025, and listed on Nasdaq effective June 10, 2025, MSTP provides high-conviction leveraged access to MicroStrategy, a provider of AI-powered enterprise analytics software and services such as Strategy One and Hyper Intelligence, alongside its significant Bitcoin treasury holdings, without requiring investors to borrow shares or post collateral. GraniteShares, the fund's sponsor and a global asset manager founded in 2016 and headquartered at 222 Broadway, New York, New York, offers MSTP as part of its broader U.S. lineup of leveraged single-stock ETFs on popular names including NVIDIA, Coinbase, and Tesla; the firm also provides physically backed commodity ETFs on gold and platinum, high-income strategies, disruptive technology funds, and its YieldBOOST suite of options-based income ETFs; operations span the United States, United Kingdom, Italy, France, Germany, and select Asian markets including Hong Kong, South Korea, Japan, and India, with total assets under management exceeding $10.9 billion as of September 2025 and over $11.1 billion as of late November 2025. In recent developments, GraniteShares expanded its YieldBOOST lineup in December 2025 with two new ETFs, RTYY and HMYY, targeting income opportunities in digital assets and consumer health technology sectors using systematic options strategies on leveraged ETFs; this follows the June 2025 launch of MSTP and underscores the firm's ongoing innovation in leveraged and income-generating ETPs amid growing assets and product diversification.