GraniteShares 2x Long COIN Daily ETF
BThis 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.
$5.38+0.08 (+1.51%)
- 1.04%
- $589M
- −87.1%
- 0.00%
- 21.5M sh
- $5.31
- low $3.56high $43.83
The ETF.net CONL Grade
B
Score 57 out of 100
- 3 of 5
Score 57 of 100 falls in the B 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.D35 out of 100Rank 4 of 5Mission
Whether the fund did what it promised, tested against its stated mandate.A85 out of 100Rank 3 of 4Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D32 out of 100Rank 3 of 5Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A75 out of 100Rank 1 of 5Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A73 out of 100Rank 1 of 5
Our read on CONL
BThe 2x Coinbase trade, in one ticker. CONL aims to double COIN's daily percentage move, resets that clock every session, and has been running since 2022 as one of the most actively traded ways to express a short-term bullish view on the exchange.
The Fund seeks daily leveraged investment results equal to two times the daily percentage change of Coinbase Global Inc. It is intended for traders with a short-term bullish view on COIN.
Why people hold it
- No mystery in the mechanics: the fund targets two times Coinbase's daily percentage change, and the objective is spelled out in its own documents.graniteshares.com
- Live since 2022 and very actively traded, so entering and exiting the position is rarely the hard part.
- It has hit its stated daily 2x target closely, putting it among the stronger implementations in the 2x single-stock crowd.
Worth knowing
- The leverage resets daily. Hold longer than a day and compounding takes over, so a choppy stretch in COIN can leave the fund short of twice the move.graniteshares.com
- Two times a crypto-linked stock is a rough ride: drawdowns can be severe and fast. The issuer frames it as a tool for short-term traders.graniteshares.com
- At 1.04% a year it sits near the middle of the COIN 2x lineup (COIA 1.08%, CONX 0.99%), while some 2x single-stock funds elsewhere charge 0.75%.
CONL Holdings
- Other
- 2
- 100%
- COIN
Sectors
- Financials100.0%
Geography
- United States100.00%
CONL Performance
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.
CONL$1,289
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.
| Period | CONL |
|---|---|
| Year to date | −63.8% |
| 1 month | −0.4% |
| 3 months | +7.1% |
| 1 year | −87.1% |
| 3 years | −19.4% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CONL |
|---|---|---|
| 2026 YTD | −63.8% | |
| 2025 | −58.5% | |
| 2024 | +4.2% | |
| 2023 | +641.0% | |
| 2022 | −78.3% |
CONL in the news
CONL Dividends
- 0.00%
No distributions in the last 12 months.
Distribution history
CONL 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.
- 169.0%
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.
- 0.52
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.
- −95.4%
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.
- 7.21
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CONL Cost
1.04%
CONL1.04%
- The middle half of 2x Long Coinbase (COIN) funds
- Median 0.99%
3 of the 5 2x Long Coinbase (COIN) funds charge less.
Other funds in 2x Long Coinbase (COIN)
- BCOIGLeverage Shares 2x Long COIN Daily ETFExpense ratio 0.75%1 year return −87.3%
- BCONXDirexion Daily COIN Bull 2X ETFExpense ratio 0.99%1 year return —
- CCOIAProShares Ultra COINExpense ratio 1.08%1 year return −87.5%
- CCOIXCorgi ETF Trust I - Corgi COIN 2x Daily ETFExpense ratio 0.20%1 year return —