GraniteShares takes five of eight slots on last week's leveraged and inverse ETF ranking

ETF Trends' weekly ranking had GraniteShares in five of the eight slots on last week's leveraged and inverse ETF list, with its 2x Long BB Daily ETF on top after BlackBerry's post-earnings run delivered nearly 28%. The fiscal second-quarter report beat analyst expectations and raised full-year revenue guidance, the kind of single-name catalyst a daily-reset 2x wrapper is built to amplify.

Second place went to another GraniteShares fund, PUL, its 2x long product on Everpure (NYSE: P), up roughly 23% as the stock extended a winning streak on an ambitious long-term financial outlook and heavy retail and institutional buying. Leverage Shares placed ONG, its 2x long on ON Semiconductor, on the list after a restructured Synaptics acquisition announcement and optimism about AI power demand.

GraniteShares' other three funds on the list were CRWL on CrowdStrike, SPAL on SpaceX, and CONI, a 2x short on Coinbase. Defiance's SPCU, a second 2x long SpaceX fund up about 13%, and MicroSectors' GDXD, which carries 300% daily inverse exposure to a market-cap weighted index of two gold miner ETFs, rounded out the list.

Only two of the eight were inverse products, and both earned their places because their underlyings fell. GDXD gained as gold slid on a stronger dollar, Treasury yields at multi-decade highs, and inflation fears tied to the U.S.-Iran conflict that have kept rate-hike expectations alive at the Federal Reserve. CONI's 2x short on Coinbase rode the stock lower alongside a broader pullback.

SpaceX drew two leveraged products from two different issuers onto the same weekly list, which is how a shelf looks once filing has outrun differentiation. As this publication argued last month, the 2x single-stock business has become an inventory operation: issuers list on whatever ticker has a catalyst and retire the ones that never find a bid; the leaderboard is the same logic read from the demand side.

GDXD's presence depends on yields holding at multi-decade highs and on the Fed's rate-hike expectations surviving the U.S.-Iran conflict. Unwind either and the inverse half of this table empties, leaving a list of levered earnings reactions with a BlackBerry fund at the top.