A new way to invest in Tesla is introduced by this ETF provider.

An ETF provider is assisting investors in increasing their bets on Wall Street's most profitable momentum trades.

In 2022, GraniteShares launched its first single-stock ETFs and now manages 20 of them, including the GraniteShares YieldBoost TSLA ETF (TSYY), which was launched last month and provides investors with exposure to Tesla.

"William Rhind, CEO of GraniteShares, stated on CNBC's "ETF Edge" that more people are taking control of their finances and actively managing them. They aim to outperform and leverage single stocks, according to Rhind."

He characterizes demand as a global occurrence because it extends beyond a mere prospect for American investors.

"Rhind stated that investors worldwide are drawn to the U.S. ETF market due to its vast liquidity. They seek out familiar names such as Tesla and S&P 500 index funds, which are only available in the U.S. This is why people come to trade these assets in the U.S."

But the firm acknowledges the strategy isn't suited for everyone.

The ETFs offered by GraniteShares come with a warning of significant risks, as stated on their website.

Tesla stock has fallen by nearly $100, or about 19%, from its all-time high on Dec. 18 as of Friday's close.