GraniteShares 2x Long BTDR Daily ETF (BTDL)

The GraniteShares 2x Long BTDR Daily ETF (BTDL) is a single-stock leveraged fund that seeks to deliver 200% of the daily performance of Bitdeer Technologies Group (BTDR), a bitcoin mining and blockchain computing infrastructure company.

The fund targets twice the return of Bitdeer shares over one trading day and resets its leverage daily. Over longer periods its performance can deviate considerably from twice the stock's return because of compounding. It typically obtains its exposure through swap agreements with financial institutions rather than owning only the underlying shares.

BTDL is sponsored by GraniteShares, which offers a range of leveraged long and short single-stock ETFs on widely traded U.S. companies, and trades on the Nasdaq.