Elon Musk became the first person to reach a net worth of $700 billion after Delaware’s Supreme Court reinstated $139 billion in Tesla, Inc. (TSLA) stock options that were previously voided, creating renewed attention for single-stock ETFs tracking the electric vehicle maker.

The Delaware court decision validates Musk’s leadership compensation package and removes legal uncertainty that had weighed on investor sentiment, according to recent insights from Direxion. The stock option reinstatement comes as investors increasingly focus on individual company news rather than broad market trends.

The milestone is fueling interest in funds that let investors make concentrated bets on Tesla’s stock price. Single-stock leveraged ETFs offer traders a way to double down on individual companies when major news breaks, rather than spreading exposure across dozens or hundreds of stocks in traditional index funds.

For investors betting on Tesla, the Direxion Daily TSLA Bull 2X Shares (TSLL) offers two times daily leveraged exposure to the stock’s price movements. The fund holds $6.76 billion in assets and posted an 11.7% one-month return, according to ETF Database. It attracted $373.7 million in net inflows over the past year.

Single-Stock ETFs Draw Interest

Meanwhile, Netflix, Inc. (NFLX) refinanced a portion of its $59 billion bridge loan supporting the acquisition of Warner Bros. Discovery’s film, TV studios, and streaming assets. The deal represents one of the largest media transactions in history, according to Direxion.

The Netflix financing move has drawn interest in the Direxion Daily NFLX Bull 2X Shares (NFXL), which saw $70.58 million in net inflows over the past month. The fund manages $134.7 million in assets with a 1.06% expense ratio, according to ETF Database.

Policy volatility is adding another wrinkle to markets. President Trump issued 221 executive orders during the first year of his second term, surpassing the 220 total from his first term, according to Pew Research Center. The rapid pace of policy shifts has traders turning to leveraged funds that can amplify moves in both individual stocks and broader indexes.

For investors who want broader exposure, the Direxion Daily S&P 500 Bull 3X Shares (SPXL) provides three times leveraged exposure to the S&P 500. The fund holds $6.05 billion in assets and posted a 1.8% one-month return, according to ETF Database.

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