Tradr ETFs Launched First-Ever Leveraged ETFs on Archer Aviation and Upstart Holdings Yesterday

(New York, New York) Tradr ETFs launched two new investment products that allow traders to double their exposure to Archer Aviation (NYSE: ACHR) and Upstart Holdings (Nasdaq: UPST) yesterday; the new ETFs are called the Tradr 2X Long ACHR Daily ETF (CBOE: ARCX) and Tradr 2X Long UPST Daily ETF (BOE: UPSX).

Photo of Archer’s Midnight electric vertical takeoff and landing (eVTOL) vehicle courtesy of Archer Aviation.

The funds mark the first leveraged ETFs tied to these two stocks, following follow recent launches focused on Tempus AI, D-Wave Quantum, and AppLovin (Nasdaq: APP).

Tradr was the first to offer this type of 2x ETF back in 2022 with Tesla (Nasdaq: TSLA) and Nvidia (Nasdaq: NVDA).

"Both Archer and Upstart are electrifying hyper-growth stories whose profiles have a natural gravitational pull for active traders," said Matt Markiewicz, Head of Product and Capital Markets at Tradr ETFs. "In a quest to transform the future of passenger transportation, Archer is one of the leaders in the burgeoning eVTOL space. Meanwhile, although it has been public for five years, Upstart is a clever AI-fintech play that is only beginning to disrupt the ever-expanding world of consumer credit and personal loans. Given the traction we’ve seen with our recent launches on similarly exciting growth narratives, we expect the market to rapidly embrace these two new single stock strategies as well."

Tradr currently offers 12 leveraged ETFs. The company warns these funds are for experienced traders only, as they carry higher risk and are meant for short-term use.

** Not investment advice; neither The FLY Report, FLYJETS nor any associated individual is a registered investment advisor.