The Fundstrat Granny Shots US Large Cap ETF (GRNY), with $4.533 billion in assets, has Strategy and Robinhood as its two largest holdings at 3.02% and 2.99% respectively. Together, these two crypto-sensitive companies represent 6.01% of the 42-stock portfolio. Neither Strategy nor Robinhood were new additions at the August 21 equal-weight rebalance; their rise to the top was driven primarily by MSTR’s 21.4% price increase from August 21 to September 3. Strategy held 845,050 BTC as of August 30, and Robinhood reported $100 million in crypto transaction revenue in the second quarter against total revenue of $1.31 billion. The combined 6.01% exposure is not equivalent to a direct Bitcoin allocation as it carries company-specific risks including financing, capital structure and operational exposures.
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