Tech start-up Figma Inc. (FIG) saw its stock price triple during its NYSE debut, prompting ETF issuers to seek approval for new funds linked to Figma’s performance. Leverage Shares 2X Long FIG Daily ETF aims to amplify Figma’s stock performance by 200%, while ProShares and REX Shares also plan to launch similar ETFs. Figma, a San Francisco-based design platform, recently had a successful IPO, with its stock price jumping from $33 to $115.50 per share on its first day. The company had previously agreed to be acquired by Adobe Inc. (ADBE) for $20 billion, but the deal fell through due to antitrust concerns. ETF providers are looking to capitalize on Figma’s success, offering investors the opportunity to leverage the stock’s volatility for potential gains.

Read more at Yahoo Finance: ETF Issuers Line Up to Capitalize on Figma’s Red Hot IPO