CONI ETF — GraniteShares 2x Short COIN Daily ETF

GraniteShares 2x Short COIN Daily ETF (CONI)

Updated October 16, 2026.

CONI is an ETF linked to Coinbase Global (COIN). its distribution rate is 2.25%, its trailing-12-month yield is 2.25%, its expense ratio is 1.15%. Total return is -94.7% over the past 2.1 years, 100.8 points behind COIN at 6.1%.

GraniteShares 2x Short COIN Daily ETF is an ETF that uses swap agreements to deliver twice the inverse daily performance of Coinbase Global stock, designed to profit from declines in the underlying security. The fund carries a modest current distribution rate with annual distributions and has an expense ratio of 1.15%. This ETF appeals to tactical traders and investors seeking short-term bearish exposure to cryptocurrency exchange equities, rather than buy-and-hold income investors.

CONI performance versus COIN

Price and return data through 2026-10-16.

Total return is -94.7% over the past 2.1 years, 100.8 points behind COIN at 6.1%. Over the past year its total return — price change plus distributions reinvested — is -35.0%. Its deepest 1-year drawdown was 85.1%.

CONI key facts

Issuer

GraniteShares

Asset type

ETF

Asset class

Equity

Inception date

09/04/2024

Expense ratio

1.15%

Distribution rate

2.25%

Distribution frequency

Annual

Trailing yield

2.25%

Last close

$26.56 (as of 2026-10-16)

AUM

$9,540,235

Average volume

235268.0

Dividend

$0.597

Ex-dividend date

12/29/2025

Payment date

12/31/2025

Beta

-6.1263

How Dividend Vision calculates yield and returns

Distribution rate (2.25%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (2.25%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: GraniteShares; Index: Coinbase Global (COIN); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

CONI risks and drawbacks

CONI's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed COIN over the available window. The deepest 1-year drawdown on record here is 85.1%.

Who may consider CONI — and who may not

CONI may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (CONI pays annual); investors hunting double-digit covered-call yields; investors whose main goal is matching COIN total return. This is educational context, not a recommendation to buy or sell.

More on CONI

• All tickers starting with C

Tagged: Short, Crypto.

Frequently asked questions

More securities from GraniteShares.