GraniteShares 2x Short COIN Daily ETF (CONI) is an exchange-traded fund that provides leveraged inverse (-2x) daily exposure to the share price performance of Coinbase Global, Inc. (NASDAQ: COIN), seeking to deliver twice the inverse daily return of COIN's stock under normal market conditions. The fund employs swap agreements, futures contracts, and other financial derivatives to achieve its leveraged short objective; it does not invest directly in COIN shares or other securities. GraniteShares, the fund's sponsor and investment manager headquartered in New York, USA, and founded in 2015 as part of the broader GraniteShares group, offers this product as part of its suite of single-stock leveraged and inverse ETFs targeting cryptocurrency-related equities for sophisticated traders and institutional investors. The ETF trades on major U.S. exchanges and operates globally wherever such products are accessible through broker-dealers. In recent developments within the last year, GraniteShares expanded its lineup of single-stock ETFs amid heightened volatility in crypto markets, including the launch of additional leveraged products tied to prominent crypto firms; no major acquisitions, funding rounds, or name changes specific to CONI have been reported as of late 2025.