GraniteShares 2x Short COIN Daily ETF

Frequently Asked Questions About CONI

What does CONI invest in?

The fund manager will enter into one or more swap agreements with major financial institutions for a specified period ranging from a day to more than one year whereby the fund and the financial institution will agree to exchange the return earned or realized on the underlying stock. The fund is non-diversified.

What is the expense ratio of CONI?

GraniteShares 2x Short COIN Daily ETF (CONI) charges an expense ratio of 2.11%. This is the annual fee deducted from fund assets to cover management and operations.

Is CONI a good long-term hold?

CONI is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does CONI's daily reset work?

CONI rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is CONI?

GraniteShares 2x Short COIN Daily ETF (CONI) manages $11.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is CONI actively managed or an index fund?

CONI's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.