GraniteShares 2x Short COIN Daily ETF (CONI)Trading--Inverse Equity | Exchange Traded Fund | NasdaqGM
25.79 USD
+1.98
(8.293%)
⇧
(Oct. 16, 2026, 2:14 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 7:40 a.m. EDT
This instrument is a leveraged inverse ETF tracking COIN, which has suffered a catastrophic -93% decline over the last year. While the recent price action shows a technical bounce off lows, the underlying business reality is grim: the fund is now trading at a fraction of its value from just twelve months ago, reflecting a complete loss of confidence in the underlying asset's trajectory. The 'hot take' is that this is a dangerous speculative vehicle for a dead horse; the massive call volume at extreme strikes suggests traders are gambling on a sudden reversal, but the long-term outlook remains bleak given the structural damage to the underlying company. The recent dividend payments are likely distributions of capital rather than sustainable earnings, making this a poor candidate for income or long-term holding. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.319950 |
| MSTL | 0.350557 |
| AutoETS | 0.366984 |
| AutoARIMA | 0.366986 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 25% |
| H-stat | 37.08 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.226 |
| Excess Kurtosis | -1.26 |
As of Oct. 10, 2026, 7:40 a.m. EDT: Speculators are positioning for continued volatility and downside protection. In the near term (Oct 16), there is heavy out-of-the-money put open interest at strikes significantly below current prices, suggesting a hedge against further drops. However, the most telling signal is the massive volume spike in deep out-of-the-money calls (strikes 55 and 90) for the October expiration, indicating aggressive speculation on a sharp, immediate rebound despite the underlying asset's collapse. For longer horizons (Jan 2027), the market is pricing in a severe crash scenario with heavy put open interest at strikes far below current levels, while call activity remains sparse except for speculative long-dated bets on a recovery.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.93% | 0.93% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2025-12-29 | 0.597 | 0.933469 |
| 2024-12-27 | 3.280 | 1.484163 |
| Attribute | Value |
|---|---|
| All Time High | 570.8 |
| All Time Low | 19.3 |
| Ask | 66.25 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 249,810 |
| Average Daily Volume3 Month | 313,250 |
| Average Volume | 313,250 |
| Average Volume10Days | 249,810 |
| Beta3 Year | 0.0 |
| Bid | 38.42 |
| Bid Size | 2 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 25.95 |
| Day Low | 23.9 |
| Display Name | 2x Short COIN Daily ETF |
| Dividend Yield | 2.47 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 31.88522 |
| Fifty Day Average Change | -6.0952187 |
| Fifty Day Average Change Percent | -0.19116126 |
| Fifty Two Week Change Percent | -40.449184 |
| Fifty Two Week High | 141.65 |
| Fifty Two Week High Change | -115.85999 |
| Fifty Two Week High Change Percent | -0.81793153 |
| Fifty Two Week Low | 19.3 |
| Fifty Two Week Low Change | 6.4900017 |
| Fifty Two Week Low Change Percent | 0.33626953 |
| Fifty Two Week Range | 19.3 - 141.65 |
| First Trade Date Milliseconds | 1,725,456,600,000 |
| Full Exchange Name | NasdaqGM |
| Fullday Change | 1.9750004 |
| Fullday Change Percent | 8.293094 |
| Fullday Price | 25.79 |
| Fund Family | Graniteshares |
| Fund Inception Date | 1,725,408,000 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,024-09-04 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund manager will enter into one or more swap agreements with major financial institutions for a specified period ranging from a day to more than one year whereby the fund and the financial institution will agree to exchange the return earned or realized on the underlying stock. The fund is non-diversified. |
| Long Name | GraniteShares 2x Short COIN Daily ETF |
| Market | us_market |
| Market State | REGULAR |
| Max Age | 86,400 |
| Message Board Id | finmb_1852635207 |
| Nav Price | 27.23 |
| Net Assets | 12,597,763.0 |
| Net Expense Ratio | 1.15 |
| Open | 24.4 |
| Previous Close | 23.815 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 1.9750004 |
| Regular Market Change Percent | 8.293094 |
| Regular Market Day High | 25.95 |
| Regular Market Day Low | 23.9 |
| Regular Market Day Range | 23.9 - 25.95 |
| Regular Market Open | 24.4 |
| Regular Market Previous Close | 23.815 |
| Regular Market Price | 25.79 |
| Regular Market Time | 1,792,174,476 |
| Regular Market Volume | 174,356 |
| Short Name | GraniteShares 2x Short COIN Dai |
| Source Interval | 15 |
| Symbol | CONI |
| Total Assets | 12,597,763 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -61.97515 |
| Trailing Three Month Returns | -61.97515 |
| Triggerable | 1 |
| Two Hundred Day Average | 52.21854 |
| Two Hundred Day Average Change | -26.42854 |
| Two Hundred Day Average Change Percent | -0.5061141 |
| Type Disp | ETF |
| Volume | 174,356 |
| Yield | 0.0247 |
| Ytd Return | -64.52985 |