Artificial intelligence bulls are increasingly favoring an exchange traded fund (ETF) that doubles its long position on Nvidia, driving the fund's record breaking trading volume and capital inflows. As Nvidia continued its decline from last Friday on Monday, the trading volume of GraniteShares 2x Long NVDA Daily ETF (code NVDL), which was long on Nvidia, reached its second highest level in history on Monday, following a record breaking net inflow of $252 million last week. The fund provides investors with twice the daily return on regular stocks and has grown in size to $1.4 billion since its launch at the end of 2022. Dave Lutz, head of ETFs at JonesTrading, said that given the trading volume of the ETF, "NVDL's activity is a key indicator of retail sentiment and activity.".