Tradr Launches First-to-Market Leveraged Single-Stock ETFs on Astera Labs and Datadog

Tradr ETFs is set to launch two first-to-market leveraged single-stock ETFs on Astera Labs (ALAB) and Datadog (DDOG) on Tuesday, August 12. The new funds will grow Tradr's leveraged ETF lineup to 21 funds. The two new funds are Tradr 2X Long DDOG Daily ETF (Cboe: DOGD) and Tradr 2X Long ALAB Daily ETF (Cboe: LABX).

Tradr ETFs, a provider of leveraged ETFs designed for sophisticated investors and professional traders, has announced the upcoming launch of two first-to-market leveraged single-stock ETFs on Astera Labs (ALAB) and Datadog (DDOG). These new funds are set to debut on Tuesday, August 12, and will expand Tradr's leveraged ETF lineup to 21 funds. The two new ETFs are Tradr 2X Long DDOG Daily ETF (Cboe: DOGD) and Tradr 2X Long ALAB Daily ETF (Cboe: LABX).

Astera Labs and Datadog are both prominent players in the AI theme, with Datadog having recently joined the S&P 500 Index and Astera Labs experiencing significant revenue growth since its IPO in March 2024. These new ETFs are part of a broader trend of expanding AI-focused investment options, as Tradr has introduced 2X long leveraged ETFs on 12 stocks since late-April, accumulating approximately $400 million in assets under management [1].

The introduction of these new ETFs comes amidst broader market volatility, including significant outflows from Ether ETFs and regulatory developments in the crypto sector. While these factors may influence investor sentiment, the long-term position of BlackRock’s ETHA suggests sustained investor interest in Ethereum despite short-term volatility [2].

The Nasdaq composite has shown resilience, with technology sector earnings reports, including those from Astera Labs, contributing to its recovery [3]. This indicates a positive outlook for technology stocks and ETFs that focus on these sectors.

Investors should be aware of the risks associated with leveraged ETFs, including significant volatility and the potential for total loss of investment. The new ETFs from Tradr are designed for sophisticated investors and professional traders who understand these risks and intend to actively monitor and manage their investments [1].

References:
[1] https://www.prnewswire.com/news-releases/tradr-readies-leveraged-single-stock-etfs-on-alab-and-ddog-302525223.html
[2] https://www.ainvest.com/news/ethereum-news-today-ether-etfs-face-465m-outflow-price-drops-12-2508/
[3] https://www.investors.com/market-trend/the-big-picture/nasdaq-leads-stock-market-rally-tech-earnings-walmart-breakout/