GraniteShares 2x Long MARA Daily ETF

Frequently Asked Questions About MRAL

What does MRAL invest in?

This Exchange Traded Fund (ETF) is designed to deliver daily returns that are twice (200%) the percentage change of MARA Holdings Inc.'s common stock (NASDAQ: MARA) each day, before accounting for the fund's operating costs and charges. It is important to understand that achieving this daily objective is not guaranteed. Furthermore, investors should not expect the fund's cumulative performance over periods longer than a single trading day to precisely reflect two times the cumulative return of MARA.

What is the expense ratio of MRAL?

GraniteShares 2x Long MARA Daily ETF (MRAL) charges an expense ratio of 1.93%. This is the annual fee deducted from fund assets to cover management and operations.

Is MRAL a good long-term hold?

MRAL is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does MRAL's daily reset work?

MRAL rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is MRAL?

GraniteShares 2x Long MARA Daily ETF (MRAL) manages $47.4M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is MRAL actively managed or an index fund?

MRAL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.