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Benzinga
Benzinga
Business
Chandrima Sanyal

Tradr Launches 9 Single-Stock 2X ETFs With First-Of-Its-Kind OpenDoor, Gold And AI Exposure

ETFs In Focus

Tradr ETFs has introduced nine new single-stock leveraged ETFs designed to provide twice the daily performance of their underlying stocks. Seven of these ETFs are first-to-market strategies.

The first-to-market exposures consist of ETFs that track Bullish (NYSE:BLSH), DoorDash Inc (NASDAQ:DASH), Firefly Aerospace Inc (NASDAQ:FLY), Newmont Corporation (NYSE:NEM), Opendoor Technologies Inc (NASDAQ:OPEN), Sarepta Therapeutics Inc (NASDAQ:SRPT), and TeraWulf Inc (NASDAQ:WULF). Furthermore, Tradr has introduced leveraged ETFs that track IREN Ltd (NASDAQ:IREN) and QuantumScape Corporation (NYSE:QS).

Also Read: AI Does The Heavy Lifting: SumGrowth's New ETFs Aim To Time The Market For You

Here are the ETFs that were launched today:

  • Tradr 2X Long BLSH Daily ETF (BATS: BLSX)
  • Tradr 2X Long DASH Daily ETF (BATS: DASX)
  • Tradr 2X Long FLY Daily ETF (BATS: FLYT)
  • Tradr 2X Long NEM Daily ETF (BATS: NWMX)
  • Tradr 2X Long OPEN Daily ETF (BATS: OPEX)
  • Tradr 2X Long SRPT Daily ETF (BATS: SRPU)
  • Tradr 2X Long WULF Daily ETF (BATS: WULX)
  • Tradr 2X Long QS Daily ETF (BATS: QSX)
  • Tradr 2X Long IREN Daily ETF (BATS: IREX)

For Matt Markiewicz, head of product and Capital Markets at Tradr ETFs, the entry is the company’s single largest collection of single-stock ETF launches to date across multiple sectors. He emphasized that the new products provide access to exciting AI-infrastructure plays such as IREN and TeraWulf, and include the sector’s first single-stock ETF on a gold miner, Newmont, the world’s largest gold corporation.

Tradr ETFs initially led the way with leveraged ETFs on individual stocks in 2022, starting with Tesla Inc. (NASDAQ:TSLA) and Nvidia Corp (NASDAQ:NVDA). The company now manages more than $2 billion in assets under management.

Tradr has stated that these new ETFs open new ways for traders to gain specific exposure in high-growth areas such as AI infrastructure, renewable energy, biotech, and precious metals.

With the expansion on Thursday, Tradr solidifies its leadership as an issuer of single-stock leveraged ETFs, continuing to serve investors seeking both diversification and tactical market plays within a fast-changing trading environment.

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Photo: Shutterstock

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