GraniteShares expand its product range of Leveraged and Short ETPs with a new underlying Stock: NIO
NIO is a Chinese automobile manufacturer headquartered in Shanghai, specializing in designing and developing electric vehicles. Well known as main Tesla’s competitor.
As Stock (listed on NYSE), NIO is one of the most traded stock in Europe!
GraniteShares is proud to offer you a Leveraged and Short 3x/-3x ETP tracking that stock. Like all others L&S ETPs of GraniteShares, NIO’s ETPs are listed on the London Stock Exchange and eligible to ISA Account.
Tickers: 3LNI (Long 3x) and 3SNI (Short -3x)
We are very happy that Trading 212, one of the leading brokers in Europe, offers now our new ETPs!
That’s a good question, technically speaking… yes it is possible!
For 1x ETP, we have decided to create stock basket ETPs. I did not yet make an official announcement, but we will list on the LSE today (also) a range of FAANGs ETP.
I will create a topic later today with more details about it.
Again, technically speaking to take any non ISA instrument and wrap it as your own ISA eligible ETP could be possible. But not for pink sheets as far as the underlying of an ETN must be very liquid.
Clearly you would not brand it as such nor make any reference to it.
But the underlying holdings could bear an uncanny resemblance with a few (legitimate) variants - for example, you’d like exclude OTC in liquidity grounds, you’d change the BTC exposure to another vehicle (MSTR or Mode or whatever)
Also, since ARK’s ETF exposure is very focused on US Tech Stocks, I think you will get (more or less) the same result with GraniteShares’ FATANG ETP 1x.
Every conversation started with ‘Add ARK ETFs’ would morph in to ‘just buy GraniteShares BOAT you’ll find that vessel travels at a similar pace to historical:biblical sea fairing modes of transport’
and other overly strained metaphors about animals (stocks) moving 2 by 2
Quite a few underlying are not ISA complaints. So wrapping the whole thing in a 1x ETP has its advantages.
GraniteShares is very open and flexible in the process of delivering new investment products.
You can share with us your ideas of different ETPs you would like to see on T212 platform. We can then evaluate and eventually supplement our line-up of investment products.
-Quote on NIO ETP-
As it may happen on the 1st day of trading for new listed products, we had few hours without quotes and price execution in order to finalize the organization between all the different market participants. I apologize for the inconvenience!
NIO ETP will be LIVE tomorrow morning at the LSE opening (in fact, it have been live just before market closing today)… and you will be able trade our new NIO Leveraged ETPs on your Trading212 mobile app or web platform.
I want also thank all the traders and investors who have sent us a lot of positive feedback on GraniteShares ETPs. The volumes on our ETPs are increasing day by day, which motivates us to continue to create new innovative products.