GraniteShares 2x Long COIN Daily ETF
CONL
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- GraniteShares 2x Long COIN Daily ETF (CONL) is an actively managed exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 200% of the daily percentage change of the common stock of Coinbase Global, Inc. (NASDAQ: COIN); the fund achieves this leveraged exposure primarily through swap agreements on COIN stock, along with related holdings such as cash equivalents, U.S. Treasuries, and broker sweeps. Launched on August 9, 2022, and domiciled in the United States, CONL targets high-conviction investors seeking magnified daily returns on Coinbase, a leading cryptocurrency exchange platform serving retail users, institutions, and ecosystem partners in the crypto economy, without the need for margin accounts or collateral. The ETF operates within the leveraged equity segment of the financials industry, specifically capital markets, with total net assets exceeding $1 billion and a net expense ratio of approximately 1.10% as of late 2025. GraniteShares, the issuer of CONL, is a global ETF provider founded in 2016 by William Rhind and headquartered in New York City; the firm, backed initially by Bain Capital Ventures, manages over $10.9 billion in assets under management as of September 2025 and lists products on U.S., U.K., German, French, and Italian exchanges. GraniteShares specializes in innovative ETFs, including leveraged and inverse single-stock funds (such as 2x Long offerings on stocks like NVDA, TSLA, and META), commodity ETPs on gold and platinum, high-income strategies, disruptive technology baskets, and its expanding YieldBOOST suite of options-income ETFs. The company maintains a European arm launched in 2019, offering short and leveraged single-stock ETPs on U.S., UK, and European equities, as well as FAANG equity baskets, with no reported subsidiaries or parent entities beyond its core structure. Recent developments include GraniteShares' aggressive expansion of its product lineup, with multiple new ETF launches in 2025, such as the YieldBOOST COIN ETF (COYY) in July, which generates income via put options on CONL itself; additional YieldBOOST funds on META (FBYY, BBYY), MARA (MAAY), IONQ (IOYY), MSTR (MTYY), PLTR (PLYY), RIOT (RTYY), and HIMS (HMYY); and leveraged single-stock ETFs like ISUL (2x ISRG), NBIL (2x NBIS), QCML (2x QCOM), and DLLL (2x DELL). These launches reflect strategic growth in high-conviction leveraged and income-focused strategies tied to crypto, AI, biotech, and tech sectors, building on CONL's established role in the single-stock ETF category; no major acquisitions, funding rounds, or reorganizations for GraniteShares were reported in the last 1-2 years, though its YieldBOOST platform AUM surpassed $787 million by October 2025. Products are available to U.S. and international investors through traditional brokerages, emphasizing tactical trading in developed markets.