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CONIGraniteShares 2x Short COIN Daily ETF

Take a bet1y track recordRanked #429 of 775 in this goal

Seeks daily investment results of -200% of the daily performance of Coinbase Global, Inc. Class A stock.

By Graniteshares · Launched 2024

Annual Cost

1.15%

#5,204 of 5,562 · expensive

Fund Size

$13M

#4,643 of 5,562 · small

Return (1Y)Goal

-51.6%

Track Record

1 year

#3,776 of 5,562 · young

Performance

Total-return NAV · USD
Growth of $10,000
$7,187-28.1%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Inverse

What it actually holds

By weight

Asset allocation

Other
120.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
140.9%High

Year-on-year price swings

Max drawdown
-94.5%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks daily investment results of -200% of the daily performance of Coinbase Global, Inc. Class A stock.
Strategy
Actively managed, the Fund uses swaps and options to achieve -200% daily exposure to Coinbase stock. It aims for inverse performance on a daily basis, primarily through swap agreements, and may use options depending on market conditions.
Inception date
September 4, 2024
Fund family
Graniteshares

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged single stock
Critical

Leveraged single-stock ETF — documented structural drag

Single-stock leveraged ETFs magnify one stock's daily move. Research on these products (Bessembinder et al., 2024) finds 56% posted negative absolute returns over one year, with ~9.5% annual drag versus the underlying stock. Daily rebalancing plus financing costs work against the investor on any holding period longer than a few days.

Source: Bessembinder, Cooper, Zhang — 'Leveraged Single-Stock ETFs' (SSRN 2024)

Why we flagged this: strategy=inverse + single_stock_wrapper

Inverse
Warning

Inverse ETF — daily tool only

Delivers the inverse of the benchmark's daily return. The compounding path makes multi-day holding unpredictable even when the benchmark's total move goes your way. Legitimate as a one-day hedge; dangerous as a view.

Source: Cheng & Madhavan (2009)

Why we flagged this: strategy=inverse + inverse_name_or_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19