GraniteShares is leaning into the high-octane corner of the ETF market. The issuer filed with the SEC to launch three new leveraged single-stock ETFs that target some of the market's most exciting—and volatile—themes: nuclear energy, AI infrastructure, and biotech.
The proposed funds are the GraniteShares 2x Long XE Daily ETF, GraniteShares 2x Long MAIR Daily ETF, and GraniteShares 2x Long RVMD Daily ETF. Each is designed to deliver 200% of the daily performance of its underlying stock. That means if X-Energy Inc. (XE) jumps 5% in a day, the ETF aims to return 10%—before fees and expenses. But the same works in reverse: a 5% drop means a 10% loss.
The filing shows that ETF issuers are moving beyond the usual mega-cap names like Nvidia and Tesla. They're now diving into more speculative, momentum-driven stocks. GraniteShares made clear these products are for sophisticated investors and active traders who can watch their positions daily. That's a polite way of saying: if you can't check your portfolio every day, stay away.
The underlying stocks are X-Energy Inc. (XE), a nuclear energy company riding the wave of data center power demand; Madison Air Solutions Corporation (MAIR), which plays in AI infrastructure; and Revolution Medicines, Inc. (RVMD), a biotech firm focused on cancer treatments. Ticker symbols for the ETFs haven't been disclosed yet.
To get that 2x leverage, GraniteShares plans to use a mix of swaps, deep in-the-money call options, FLEX options, synthetic forwards, and direct stock holdings. Swaps will likely be the main tool. The filing notes that the funds are designed for daily rebalancing, meaning the leverage resets each day—so holding them for longer than a day can lead to returns that differ from 2x the stock's cumulative move.
These filings come at a time when markets are piling into AI infrastructure, nuclear power revival, and biotech momentum trades. Data center energy demand and next-gen chip buildouts are fueling interest in high-volatility thematic baskets. Leveraged single-stock products have been gaining traction as traders rotate into high-beta expressions of structural themes rather than plain-vanilla index funds.
In short, GraniteShares is giving traders more tools to make big bets on the stocks that are already moving fast. Just remember: leverage cuts both ways, and these funds are not for the faint of heart.
