The GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) delivers two times the daily move of Coinbase (NASDAQ:COIN | COIN Price Prediction).
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.
Here is the math that should anchor every conversation about GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL): Coinbase stock is down roughly 12% this year, and CONL is down roughly 40%.
Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
CONL offers 2x daily leveraged exposure to Coinbase via swaps, amplifying both gains and losses for active traders. CONL may provide traders with exceptional exposure to bitcoin due to Coinbase's brokerage and lending operations. The ETF is highly liquid with over $1 billion AUM and robust trading volume, creating a viable vehicle for active traders.
Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
While the rally was broad-based, a few stocks soared in anticipation of the so-called Trump trade, making single-stock ETFs winners last week.
Donald Trump's historic victory in the presidential race unleashed a massive rally in the U.S. stock market and ETF space.
Wall Street delivered mixed performance last week.
Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.