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meta 1.5x etf pepe unchain Bnb Eth XRP crypto futures coinbase futures binance futures

What is the graniteshares 1.5x long meta daily ETF (FBL)?

The GraniteShares 1.5x Long Meta Daily ETF (FBL) is an exchange-traded fund that mostly invests in communication services equity. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Meta Platforms, Inc. Class A stock. FBL was launched on Dec 13, 2022 and is managed by GraniteShares.

What is the meta platforms fund?

The Fund seeks daily investment results, before fees and expenses, of -2 times (-200%) the daily percentage change of the common stock of Meta Platforms, Inc. Class A (NASDAQ: META).

How are ETFs different from mutual funds?

ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund.

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