GraniteShares 2x Long RDDT Daily ETF
RDTL
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- GraniteShares ETF Trust - GraniteShares 2x Long RDDT Daily ETF (RDTL) 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 Reddit Inc. (NASDAQ: RDDT); the fund pursues this objective through an actively managed portfolio utilizing derivatives such as swaps rather than direct investment in RDDT shares. GraniteShares 2x Long RDDT Daily ETF forms part of GraniteShares' broader suite of leveraged single-stock ETFs, which also includes products providing 2x long daily exposure to companies like IONQ (IONL), Vertiv (VRTL), PDD Holdings (PDDL), ServiceNow (NOWL), and Broadcom (AVGU), as well as YieldBOOST ETFs generating income via options strategies on leveraged single-stock ETFs such as MTYY (MSTR), PLYY (PLTR), FBYY (META), and BBYY (BABA). The ETF, domiciled in the United States and listed on Nasdaq, targets sophisticated investors seeking tactical, short-term leveraged exposure to RDDT's performance in the social media and digital communities sector, with a net expense ratio of 1.50% and total net assets of approximately $76.6 million. GraniteShares, the issuer and manager behind RDTL through GraniteShares Advisors LLC, operates as a global asset manager specializing in innovative exchange-traded products including leveraged, inverse, commodity, high-income, and disruptive technology ETFs; the firm maintains headquarters in New York, New York, with additional operations in London, and serves institutional and high-conviction retail investors across the United States and Europe. Founded in 2016 by William Rhind, GraniteShares listed its first U.S. ETF in 2017 and has since expanded to over 150 funds with $10.9 billion in assets under management as of September 2025, encompassing physically backed commodities like gold and platinum, FAANG equity baskets in Europe, and short/leveraged single-stock ETPs on major exchanges in the UK, Italy, France, and Germany. Launched on March 25, 2025, as one of three new leveraged ETFs alongside IONL and VRTL targeting high-profile AI, cloud computing, and digital media stocks, RDTL represents GraniteShares' ongoing expansion of its single-stock leveraged ETF platform amid surging demand for tactical trading tools. In July 2025, the firm introduced PDDL, NOWL, and AVGU; September 2025 saw the debut of YieldBOOST ETFs MTYY and PLYY; October brought FBYY and BBYY; and November featured RGYY, QBYY, MAAY, and IOYY, alongside reaching a milestone of $11 billion in AUM driven by leveraged and income strategies. No recent acquisitions, funding rounds, or parent-subsidiary relationships beyond GraniteShares Inc. and its affiliates have been reported for the issuer.