Following the expansion of its pool of underlyings and the addition of new leverage factors to its flagship Tesla ETP, SRP spoke to UK-based sponsor of physically backed exchange-traded products (ETPs) Leverage Shares about the firm’s progress since its launch in the summer of 2020.
Leverage Shares reported a turnover of £42.3m and £35.2m across all ETPs for January and February, respectively. The most popular ETP, in terms of turnover, were the 2X Tesla ETP (£12.1m in Jan 2020), 3X NVIDIA ETP (£6.2m in Jan. 2020) while the best performers of 2020 were the 2X Tesla ETP (2240%), listed in April 2020 and the 3X Apple ETP (246%) listed in June 2020. Oktay Kavrak (pictured) , CFA, institutional sales, notes that despite the bull run of the Tesla stock,