Some ETPs (Exchange Traded Products) offered by providers like GraniteShares and Leverage Shares allow you to trade instruments that track the price movement of a specific underlying asset in a different format, such as 3xLong or 1xShort. These instruments may include commodities, ETFs, and stocks.
It is important to differentiate between the actual underlying asset, which could potentially be available for trading on the platform and the ETP, which is based on it.
For example, Tesla, Inc. is an instrument traded on NASDAQ. Meanwhile, 3x Long Tesla GraniteShares is an ETP provided by GraniteShares that tracks Tesla's price as an underlying asset. However, this ETP is traded on the London Stock Exchange, and its price is leveraged. As a result, certain differences in the current price may be present (3x).