GraniteShares 2x Long Coin ETF (CONL)
NASDAQ (NMS) NASDAQ (NMS) Primary Summary
CONL Chart
CONL Lost 67% Year to Date While Coinbase Fell 33%, Exposing the Volatility Tax in Daily-Reset Leverage
If you put $10,000 into the GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) at Thursday's close and checked the account Friday afternoon, you had about $8,556.
CONL's 2x Coinbase Bet Has Lost Most of Its Value as COIN Volatility Whipsaws Holders Daily
The GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) delivers two times the daily move of Coinbase (NASDAQ:COIN | COIN Price Prediction).
Update On The Leveraged Coinbase ETF CONL
Bitcoin and Ethereum have moved into short-term bullish trends. COIN shares have followed the leading cryptocurrencies. Several factors support another boom period for the asset class.
GraniteShares 2x Long Coin ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Elliot Kallen Prosperity Wealth Management, Inc. | 24,021 | $847,700.93 | $126,110.25 | -$721,590.68 | -85.12% |
| JS Jeffrey Socha Entrewealth LLC | 45,203 | $662,223.95 | $218,330.49 | -$443,893.46 | -67.03% |
GraniteShares 2x Long Coin ETF (CONL) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has GraniteShares 2x Long Coin ETF ever had a stock split?
GraniteShares 2x Long Coin ETF Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
The mentioned fund operates as an actively managed exchange-traded fund (ETF) that primarily focuses on leveraging investment outcomes based on the daily performance of its underlying stock. By employing a strategy that aims to double the daily percentage change of the underlying asset, the fund engages in swap agreements to achieve its goal. This method allows the fund to offer returns that are 200% of the daily performance of the concerned stock, but only for that day. It's important to note that this fund takes a non-diversified approach, concentrating its investment in a specific stock or sector to magnify its daily performance targets.
Products and Services
- Leveraged ETFs
The core offering by this fund includes products designed as leveraged ETFs, specifically tailored to investors looking for a potentially high-reward investment strategy through daily market leverage. Leveraged ETFs such as the one described use financial derivatives and debt to amplify the returns of an underlying index or asset for a single day. While this can significantly increase potential gains, it also comes with a higher risk, especially in volatile markets. As a leveraged product, the fund seeks to deliver twice the daily performance of its target, making it an attractive option for investors aiming for aggressive growth over short periods.
