MVLLB: What the GraniteShares 2X Long MRVL Token Is

MVLLB is a bStocks tokenized product linked to the GraniteShares 2X Long MRVL ETF. Public descriptions identify it as a certificate intended to track that ETF, rather than a token issued by Marvell Technology. The ETF itself is designed to provide leveraged exposure to MRVL, Marvell’s stock. MVLLB should not be assumed to represent direct ownership of Marvell shares or conventional ETF shares. The exact rights attached to the token—including how it is issued, whether and how it can be redeemed, and what claims holders may have—depend on the product’s current terms. Review those terms before treating the token as equivalent to the underlying ETF or its assets.

The “2X Long” name refers to the ETF’s leveraged objective. Leveraged ETFs of this type generally seek about twice the underlying stock’s daily return, before fees and expenses; that does not mean twice the return over any longer holding period. Daily resetting and compounding can make results differ substantially from two times MRVL’s performance over weeks or months. If MRVL falls, losses can also build quickly, and a sharp move can leave the ETF and its tokenized representation worth much less. MVLLB therefore combines the risks of a tokenized product with the volatility and leverage risks of its linked ETF. It is not a stable-value token, and its value can change rapidly.

As of 2026-11-05, MVLLB’s reported price was about $10.62, with a market capitalization and fully diluted valuation of about $1.1 million each. Reported 24-hour trading volume was about $1.8 million. The circulating supply was about 103,970 tokens, compared with a total supply of about 104,127; no maximum supply was reported. These figures are snapshots and can change. The token was reported down about 54% over the preceding seven days. Its reported all-time high was $45.67 on 2026-10-06, and its all-time low was $10.58 on 2026-11-05. Past prices and trading activity do not establish what the token or its underlying exposure will be worth later.

MVLLB is reported as issued on BNB Chain and is not listed as the native token of a blockchain. Before sending it to a wallet or trading it, check that the asset and contract match the issuer’s current information; a token with the same ticker may be unrelated. Wallet support for BNB Chain does not by itself confirm that a wallet can safely store or interact with this particular asset. Also check the product’s terms, issuer and any redemption or transfer restrictions, since these details are not established by the token’s ticker alone. Risks include smart-contract or custody failures, limited liquidity, changing market prices, and the possibility that the token does not track the ETF closely. Losing access to your wallet can mean losing access to your tokens.