GraniteShares 2x Long COIN Daily ETF (CONL)Trading--Leveraged Equity | Exchange Traded Fund | NasdaqGM
4.93 USD
-0.45
(-8.442%) ⇩
(Oct. 14, 2026, 12:11 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 8:45 a.m. EDT
This leveraged daily ETF is currently a losing proposition due to the relentless drag of volatility decay. Despite the underlying asset (Coinbase) posting spectacular gains over the last three years, the 2x long structure has failed to keep pace, erasing nearly two-thirds of the fund's value year-to-date. The recent price action confirms a brutal whipsaw environment where the fund loses ground even when the underlying moves sideways or up slightly. With the price now trading significantly below its 50-day moving average, the technical trend is firmly bearish. Furthermore, the options market is screaming 'sell,' with traders loading up on deep out-of-the-money puts while offering almost no call liquidity. There is no dividend to cushion the blow, and the statistical models offer no clarity on a reversal. For a short-term trader, the odds favor further downside or a painful grind lower as the leverage continues to eat away at capital. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.154295 |
| AutoETS | 0.154301 |
| MSTL | 0.161450 |
| AutoTheta | 0.194073 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 43% |
| H-stat | 0.34 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.132 |
| Excess Kurtosis | -1.38 |
As of Oct. 10, 2026, 8:45 a.m. EDT: Speculators are aggressively positioning for a sharp decline, evidenced by massive open interest in out-of-the-money puts (strikes $4.00-$5.00) compared to negligible call volume. While there is some fresh buying in near-term calls ($6.00-$7.00 strikes), the overwhelming capital flow is into downside protection, suggesting a consensus expectation of continued volatility-driven drawdowns.
| Date | Dividend | Yield % |
|---|---|---|
| 2024-02-27 | 0.109 | 0.234964 |
| Attribute | Value |
|---|---|
| All Time High | 87.368 |
| All Time Low | 3.56 |
| Ask | 4.12 |
| Ask Size | 1 |
| Average Daily Volume10 Day | 17,933,750 |
| Average Daily Volume3 Month | 21,908,935 |
| Average Volume | 21,908,935 |
| Average Volume10Days | 17,933,750 |
| Beta3 Year | 8.6 |
| Bid | 4.09 |
| Bid Size | 1 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 5.41 |
| Day Low | 4.8577 |
| Display Name | 2x Long COIN Daily ETF |
| Dividend Yield | 0.0 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 5.3914 |
| Fifty Day Average Change | -0.46639967 |
| Fifty Day Average Change Percent | -0.08650808 |
| Fifty Two Week Change Percent | -85.211655 |
| Fifty Two Week High | 43.83 |
| Fifty Two Week High Change | -38.905003 |
| Fifty Two Week High Change Percent | -0.88763404 |
| Fifty Two Week Low | 3.56 |
| Fifty Two Week Low Change | 1.3650002 |
| Fifty Two Week Low Change Percent | 0.38342705 |
| Fifty Two Week Range | 3.56 - 43.83 |
| First Trade Date Milliseconds | 1,660,138,200,000 |
| Full Exchange Name | NasdaqGM |
| Fullday Change | -0.45499992 |
| Fullday Change Percent | -8.441557 |
| Fullday Price | 4.925 |
| Fund Family | Graniteshares |
| Fund Inception Date | 1,659,916,800 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund is an actively managed exchange traded fund that attempts to replicate 2 times (200%) the daily percentage change the underlying stock by entering into financial instruments such as swaps and options on the underlying stock as well as directly purchasing the underlying stock. The fund aims to generate 2 times the daily performance of the underlying stock for a single day. It is non-diversified. |
| Long Name | GraniteShares 2x Long COIN Daily ETF |
| Market | us_market |
| Market State | REGULAR |
| Max Age | 86,400 |
| Message Board Id | finmb_1780713210 |
| Nav Price | 5.31 |
| Net Assets | 549,244,220.0 |
| Net Expense Ratio | 1.04 |
| Open | 5.17 |
| Previous Close | 5.38 |
| Price Hint | 4 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.45499992 |
| Regular Market Change Percent | -8.441557 |
| Regular Market Day High | 5.41 |
| Regular Market Day Low | 4.8577 |
| Regular Market Day Range | 4.8577 - 5.41 |
| Regular Market Open | 5.17 |
| Regular Market Previous Close | 5.38 |
| Regular Market Price | 4.925 |
| Regular Market Time | 1,791,994,274 |
| Regular Market Volume | 9,319,738 |
| Short Name | GraniteShares 2x Long COIN Dail |
| Source Interval | 15 |
| Symbol | CONL |
| Three Year Average Return | -0.1944006 |
| Total Assets | 549,244,224 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 34.74178 |
| Trailing Three Month Returns | 34.74178 |
| Triggerable | 1 |
| Two Hundred Day Average | 7.605425 |
| Two Hundred Day Average Change | -2.6804247 |
| Two Hundred Day Average Change Percent | -0.3524359 |
| Type Disp | ETF |
| Volume | 9,319,738 |
| Yield | 0.0 |
| Ytd Return | -60.84584 |