GraniteShares 2x Long NBIS Daily ETF (NBIL) 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 Nebius Group N.V. (NASDAQ: NBIS), a Netherlands-based technology company focused on full-stack AI infrastructure including GPU clusters, cloud platforms, developer tools, AI data services under Toloka, tech reskilling via TripleTen, and autonomous driving solutions through Avride; the fund achieves its leverage primarily through swaps, options, and direct holdings of the underlying stock, with an expense ratio of 1.50% and no guarantee of achieving its objective beyond a single trading day. NBIL provides investors high-conviction, magnified short-term exposure to NBIS without the need for margin borrowing or collateral maintenance, targeting sophisticated market participants comfortable with leveraged volatility and daily rebalancing effects. Launched on October 7, 2025, as part of GraniteShares' expanding lineup of single-stock leveraged ETFs alongside the simultaneous debut of the 2x Long ISRG Daily ETF (ISUL), NBIL reflects the firm's recent strategic push into innovative leveraged products tied to high-growth AI and technology names, contributing to GraniteShares' assets under management surpassing $13 billion by late October 2025. GraniteShares, founded in 2016 and headquartered in New York, operates globally across the U.S., U.K., Europe, and Asia, issuing a broad suite of exchange-traded products encompassing commodities, high-income strategies, disruptive technology ETFs, YieldBOOST income options overlays, and short/leveraged single-stock ETPs listed on major exchanges.