GraniteShares launches new Tesla-focused ETF as part of expansion strategy

GraniteShares has launched a new single-stock ETF focused on Tesla, called the GraniteShares YieldBoost TSLA ETF (TSYY). This is part of their expansion, now managing a total of 20 single-stock ETFs since 2022. The CEO of GraniteShares noted that there is growing global interest in U.S. ETFs, particularly among investors seeking to manage their own finances. He highlighted the appeal of well-known stocks like Tesla and Nvidia. GraniteShares warns that investing in these ETFs carries significant risks. Currently, Tesla's stock is about 19% below its all-time high reached in December.