GraniteShares ETF Trust GraniteShares 2x Short NVDA Daily ETF Tokenized Stock (Reality)
RNVD Rank #11307Price chart
What is GraniteShares ETF Trust GraniteShares 2x Short NVDA Daily ETF Tokenized Stock (Reality)?
Overview
RNVD represents a tokenized version of GraniteShares' 2x short NVDA ETF, designed as a tactical trading tool for investors seeking exposure to declines in NVIDIA's stock price. The fund uses derivative instruments such as total return swaps to amplify downward price movements by a factor of two on a daily basis. It targets short-term traders exploiting single-day price declines, though investors face significant compounding losses during periods of stock price appreciation or volatility.
How it works
RNVD operates on the Arbitrum blockchain as a tokenized exchange-traded product. The underlying fund structure uses derivative instruments to deliver daily results that correspond to negative two times the daily performance of NVIDIA stock, magnifying single-day declines by two times.
Token and supply
RNVD tokens represent shares in the tokenized ETF. The circulating supply is approximately 27 tokens, with no maximum supply cap specified. The token functions as a tracking instrument for the underlying fund rather than a utility token with governance or staking features.
Where to trade RNVD
Exchanges that list this asset
Live spot quotes from connected exchanges
RNVD funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.