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Dividend Vision

CONL — GraniteShares 2x Long COIN Daily ETF

GraniteShares 2x Long COIN Daily ETF (CONL)

CONL carries a 1.04% expense ratio. Total return is -80.6% over the past 4 years, 149.9 points behind COIN at 69.3%. Its deepest 1-year drawdown was 91.9%.

CONL is a leveraged equity ETF that seeks to deliver twice the daily performance of Coinbase Global (COIN) stock through the use of financial derivatives and leverage. The fund carries a 1.04% expense ratio, pays no distributions, and is designed for short-term tactical trading rather than buy-and-hold investing due to its daily reset mechanism and leverage structure. This ETF appeals to experienced traders seeking amplified exposure to cryptocurrency exchange equities, though the leverage magnifies both gains and losses on a daily basis.

CONL key facts

Issuer
GraniteShares
Asset type
ETF
Asset class
Equity
Inception date
08/08/2022
Expense ratio
1.04%
Last close
$4.07
AUM
$532,242,971
Average volume
15467300.0
Ex-dividend date
02/27/2024
Payment date
02/29/2024
Beta
8.16