MRAL vs OKTG

MRALDGraniteShares 2x Long MARA Daily ETF

OKTGALeverage Shares 2x Long OKTA Daily ETF

In short

MRAL Two times the daily move of MARA Holdings, a bitcoin miner whose shares already travel in big steps, built from swaps that reset each afternoon. GraniteShares rates it top of its own risk scale and aims it at single-day holds.

OKTG A 2x daily amplifier on Okta, the identity-security stock, in an ETF wrapper. Leverage Shares prices it at 0.75%, under the typical leveraged single-stock fund, in a corner of the market built mostly around mega-caps.

Stated mandate

MRAL The fund seeks to deliver twice the daily return of MARA Holdings Corporation for active traders seeking amplified short-term exposure.

OKTG The fund seeks daily leveraged investment results equal to 200% of the daily performance of the publicly traded common stock identified as OKTA, before fees and expenses.

Why people hold it

• MRAL Mechanically plain: total-return swaps supply about 200% notional MARA exposure, collateralized by cash and Treasury bills, no margin account or options chain on your end.graniteshares.com
• A 1940 Act ETF that trades like a stock, so the leverage lives inside the fund and sits in an ordinary brokerage account rather than on borrowed money in yours.graniteshares.com
• GraniteShares is blunt about the job: top of its own 5-point risk scale, for sophisticated investors who actively monitor positions and hold for very short periods.graniteshares.com

• OKTG Costs 0.75% a year, below the roughly 1.01% median for leveraged single-stock funds, and matches the fee on Leverage Shares' other 2x products like UNHG and ASMG.
• Mechanically simple: it aims for 200% of Okta's daily move before fees and expenses, no margin account, options chain or share borrow involved.leverageshares.com
• Unusual target. Most 2x single-stock ETFs point at mega-caps such as AAPU and GGLL; this one puts the same machinery on a cybersecurity name.

Worth knowing

• MRAL 1.50% net of a waiver through December 31, 2026 (1.93% gross), above the category median; the best-rated 2x single-stock funds, such as OKTG at 0.75%, charge far less.
• Daily reset means path matters. Held longer than a day, a choppy stretch in MARA can leave the fund's return well short of twice the stock's move over that span.graniteshares.com
• A niche fund that trades in moderate size rather than a category flagship, so spreads and limit orders are worth a look.

• OKTG The leverage resets every day. Hold past that and returns compound, so a choppy stretch can leave you far from 2x Okta's move over the period.
• One company, doubled. An earnings gap or a breach headline at Okta hits the fund at twice the size, with no other holdings to soften it.
• Launched in November 2025 and still small and thinly traded, so spreads can run wider than on the long-established mega-cap leveraged funds.

Full MRAL profile⁠

Full OKTG profile⁠