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GraniteShares 2x Short COIN Daily ETF

CONINasdaqCThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$24.82−0.45 (−1.77%)

At close: Oct 13, 2026, 4:00 PM

C50/ 100

Rank 26 of 58 in Single-Stock Inverse

C50/100Rank 26 of 58inSingle-Stock Inverse
Intraday session: down, 78 prints from 25.27 to 24.82. Range 24.56 to 25.55. Use the arrow keys to read each point.24.6025.0025.4025.6010 AM12 PM2 PM4 PM
Expense ratio
2.11%
Fund size
$10M
1Y total return
−28.2%
Yield · Last 12 months
2.36%
Holdings
1
Avg volume · 30D
0.3M sh
NAV per share
$25.21
52W range
low $19.30high $141.65
Launched

The ETF.net CONI Grade

Based on 5 of 6 pillars

C

Score 50 out of 100

Category
Single-Stock Inverse⁠
Rank
26 of 58
Six-pillar profile for CONI. Scores out of 100: Cost 9, Risk 54, Mission 97, Tradability 51, Holdings not scored, Durability 57. Strongest: Mission (97). Weakest: Cost (9). Based on 5 of 6 pillars.

Score 50 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F9 out of 100
    Rank 53 of 58

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A97 out of 100
    Rank 10 of 32

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C54 out of 100
    Rank 19 of 52

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C51 out of 100
    Rank 25 of 58

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B57 out of 100
    Rank 21 of 58

Our read on CONI

ETF.net Research

CShorting Coinbase, doubled, without a margin account. CONI aims to deliver -2x COIN's move each day, then resets. That daily reset is the whole story: it is built as a short-horizon trading tool, not a set-and-forget position.

Stated mandate

The Fund seeks daily inverse results equal to -2 times the daily percentage change of Coinbase Global Inc.

Why people hold it

  1. 01Double-strength inverse exposure to Coinbase from a plain brokerage account: no margin agreement, no share borrow, no locate to chase.
  2. 02Does one thing and says so up front: -2x COIN, reset daily, no discretion or stock picking. Day to day, it has tracked that stated target closely.
  3. 03Standard 1940 Act fund plumbing: a 1099 rather than a K-1, and no margin call, because the most at stake is the money in the position.

Worth knowing

  1. 01At 2.11% a year, one of the pricier tickets in the inverse single-stock aisle. GraniteShares' own 2x short Tesla fund, TSDD, runs 1.13%.
  2. 02Hold past a day and the path matters, not just the direction. Daily reset compounding means a chopping COIN can grind the fund down even on down weeks.
  3. 03A smaller fund with moderate volume, so bid-ask spreads can run wider than the heaviest-traded names in this category.

CONI Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
1
Top-10 weight
200%
Largest holding
COIN200.0%

Sectors

  • Financials100.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001COINCoin200.01%-109,277$-20M271

Showing 1–1 of 1 holdings

CONI Performance

Launched Sep 3, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
CONI$7,179
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. CONI $7,179. SPY $12,044. Use the arrow keys to read each point.$3,729$19,823$35,917Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for CONI. Periods over one year show the average yearly return.
PeriodCONI
Year to date−63.0%
1 month−18.9%
3 months−51.0%
1 year−28.2%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CONI
YearReturn barCONI
2026 YTD−63.0%
2025−70.8%
2024−53.7%

History from Sep 4, 2024

CONI in the news

Filtered to CONI · Single-Stock Inverse

CONI Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
2.36%Last 12 months
Payout per share
$0.60Last 12 months
Last payment
$0.60 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 27, 2024 $3.29; Dec 29, 2025 $0.60. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 29, 2025Dec 31, 2025$0.60
Dec 27, 2024Dec 31, 2024$3.29

CONI Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
107.2%
Annualised · 24 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.74
vs 3-month T-bills · 24 months to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−96.2%
25 months · trough Sep 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
−4.23
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

CONI Cost

Expense ratio2.11%
  • The middle half of Single-Stock Inverse funds
  • Median 1.35%

37 of the 43 Single-Stock Inverse funds charge less.

CONI costs $211.00 a year on $10,000. The median Single-Stock Inverse fund costs $135.00.

Other funds in Single-Stock Inverse

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