GraniteShares files 2x ETFs on SB Energy, ChargePoint, Stratolaunch and Altera
GraniteShares ETF Trust filed four Form 485APOS amendments on September 15, 2026, proposing eight 2x daily ETFs on SB Energy, ChargePoint, Stratolaunch and Altera; three of the four underlyings are unlisted.
GraniteShares ETF Trust asked the SEC on Tuesday to register eight daily 2x ETFs, two each on SB Energy, ChargePoint, Stratolaunch and Altera. Three of those companies do not have listed shares. Altera Corporation said at 9 a.m. Eastern that its parent had confidentially submitted a draft Form S-1, without a share count or a price range. GraniteShares' Altera amendment was accepted at 5:08 p.m. Eastern, after the close. ChargePoint Holdings, the only listed name in the batch, closed Tuesday at $8.82, with a market value of $228 million.
The papers are Form 485APOS post-effective amendments, the form an existing trust uses to register new series. GraniteShares checked the Rule 485(a)(2) box, which proposes effectiveness 75 days after filing. Tickers and fee tables are left blank. The prospectuses are marked subject to completion, dated September 15, 2026, and say the securities cannot be sold until the registration statement is effective.
That is a registration. It is not a launch.
What the four amendments propose
Each amendment is a long/short pair. The long fund would seek 200% of the underlying stock's daily percentage change; the short fund would seek -200%.
The Stratolaunch short fund is described as seeking -2 times the daily percentage change of Stratolaunch, LLC common stock. The Altera amendment identifies the underlying as Altera Corporation common stock and prints a Nasdaq ticker, ALTR. That symbol is a placeholder in a registration for a stock that does not trade: Altera has not listed, and ALTR last belonged to a different issuer, Altair Engineering, which Nasdaq suspended in March 2025 after Siemens closed its acquisition.
One listed stock, three that are not
ChargePoint is the exception in the batch. It already trades on the NYSE. The EV-charging company reported fiscal second-quarter results after the close on September 2; the stock rose 75% in the September 3 session, to $9.08, and has since settled back.
ChargePoint jumped September 3, then drifted to $8.82
Over one month it is up 43%. Over three years it is down 92%. A daily 2x product on that path is a one-session instrument: it would have amplified that September 3 move, and it would have compounded a 92% three-year decline rather than simply tracking it.
The other three names are still in the IPO queue.
SB Energy, a SoftBank-backed data-center and power company, publicly filed a Form S-1 dated August 31 and said on September 1 that it had applied to list on Nasdaq under the symbol SBE. Share count and price range were not set. Themes ETF Trust had already registered a 2x long and a 2x short on that stock, as Themes files 2x daily ETFs on SB Energy and Canva before either stock lists reported. Tuesday's GraniteShares paper is a second issuer on the same unlisted name.
Stratolaunch, LLC common stock has no ticker in the GraniteShares amendment. Reuters reported on September 10 that the hypersonic-flight company is preparing a U.S. IPO.
The SpaceX template
This is the same structure GraniteShares has been using on companies as they come public. In June the trust liquidated three 2x series: the GraniteShares 2x Long BULL Daily ETF, the GraniteShares 2x Long ETOR Daily ETF, and the GraniteShares 2x Short MSTR Daily ETF. They stopped trading after the close on June 18.
The GraniteShares 2x Long SpaceX Daily ETF SPAL and the GraniteShares 2x Short SpaceX Daily ETF SNK began trading on June 15, after Space Exploration Technologies listed on Nasdaq on June 12. The GraniteShares 2x Long SK Hynix Daily ETF SKUU and the GraniteShares 2x Short SK Hynix Daily ETF SKDD began on July 14, after SK hynix's Nasdaq debut on July 10. On September 4, 11 days before this batch, GraniteShares announced proposed 2x long and short ETFs on Anthropic, with tickers AIL and ANS in the press release, subject to regulatory and listing requirements. Tuesday's eight series have none.
The established end of that lineup is a different size. The GraniteShares 2x Long NVDA Daily ETF NVDL held $3.44 billion as of Wednesday's fund record, about 15 times ChargePoint's entire market value. NVDL discloses a 1.06% expense ratio; SPAL and SKUU disclose 1.50%. The short legs, SNK and SKDD, disclose 2.20%, the comparable for the four short funds in Tuesday's batch. Tuesday's prospectuses do not disclose a number.
A Rule 485(a)(2) amendment can become effective 75 days after filing and still sit unlisted. These eight funds still need completed fee tables, exchange listings, and, for SB Energy, Stratolaunch, and Altera, an underlying that actually trades. Registrations get amended. Launches slip. Until those blanks are filled, Tuesday's paper is a place in line, not a product.
Frequently asked
Does this mean the funds are launching?
No: these are registrations, with tickers and fee tables left blank, and they still need completed fee tables, exchange listings and, for three of the names, an underlying that trades.
Which of the four underlying stocks actually trades?
Only ChargePoint, which is listed on the NYSE; SB Energy, Stratolaunch and Altera are still in the IPO queue.
Why does the Altera filing show a Nasdaq ticker?
ALTR is a placeholder in a registration for a stock that does not trade: the symbol last belonged to Altair Engineering, suspended by Nasdaq after Siemens closed its acquisition.
What would the fees look like?
Tuesday's prospectuses disclose no number, but GraniteShares' comparable short funds disclose 2.20% and its recent long funds 1.50%.
Has another issuer filed on the same unlisted stock?
Yes: Themes ETF Trust had already registered a 2x long and a 2x short on SB Energy.