CONLGraniteShares 2x Long COIN Daily ETF
Seeks daily investment results of 200% of the daily performance of the Underlying Stock.
By Graniteshares · Launched 2022
1.04%
#5,051 of 5,562 · expensive
$670M
#1,357 of 5,562 · large
-78.7%
3 years
#2,743 of 5,562 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
EquityStrategy
Leveraged
What it actually holds
By weightAsset allocation
By sector
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Where to buy
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Seeks daily investment results of 200% of the daily performance of the Underlying Stock.
- Strategy
- Actively managed, invests primarily in swaps and options to replicate 2x daily exposure to the Underlying Stock. May also directly purchase the Underlying Stock, aiming for 200% notional exposure.
- Inception date
- August 8, 2022
- Fund family
- Graniteshares
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
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=leveraged + single_stock_wrapper
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 2026-06-20