(Bloomberg) — Tesla Inc. and Coinbase Global Inc. fans are about to get their first ETFs that amplify bets on the notoriously volatile companies, among a slew single-stock products hitting the market Tuesday. Direxion and GraniteShares are each launching four exchange-traded funds that allow investors to make leveraged or inverse bets on the daily performance of individual companies. They’re both starting leveraged- and inverse-Tesla funds as well as leveraged Apple Inc. products. GraniteShares is also introducing a leveraged Coinbase ETF, while Direxion is debuting an inverse Apple fund.
Leveraged Tesla, Coinbase Among New Single-Stock ETFs
