CONL

📎 Investment Objective

The GraniteShares 2x Long COIN Daily ETF (CONL) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the Coinbase Global Inc. Class A common stock.

✨ Key Features

• Provides 2x leveraged exposure to the Coinbase stock on a daily basis
• Utilizes derivatives to achieve the leveraged performance target
• Resets leverage daily, so longer-term returns may not equal 2x the underlying
• Very small asset base of $0 as of the provided information

⚠️ Primary Risks

• Significant risk due to the leveraged nature of the fund, which can magnify both gains and losses
• Potential for divergence between the fund's performance and 2x the daily return of Coinbase stock over longer time periods
• Counterparty risk associated with the derivative instruments used
• Low trading volume and asset base, which can impact liquidity and increase trading costs

👤 Best For

This ETF is best suited for experienced, risk-tolerant investors with a short-term trading horizon who are seeking leveraged exposure to the Coinbase stock. It is not recommended for long-term buy-and-hold investors due to the compounding effects of daily rebalancing.