Frequently Asked Questions About CONL

What does CONL invest in?

This exchange-traded fund (ETF) is designed to deliver daily returns that are two times (200%) the daily percentage movement of Coinbase Global Inc.'s common stock, traded as COIN on NASDAQ, before accounting for its own fees and expenses. It is crucial to understand that the fund's ability to achieve this specified objective each day is not guaranteed. Importantly, due to its daily rebalancing mechanism, this fund is not intended to replicate double the cumulative performance of COIN for investment horizons extending beyond a single trading day.

What is the expense ratio of CONL?

GraniteShares 2x Long COIN Daily ETF (CONL) charges an expense ratio of 1.04%. This is the annual fee deducted from fund assets to cover management and operations.

Is CONL a good long-term hold?

CONL 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 with 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 CONL's daily reset work?

CONL 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 CONL?

GraniteShares 2x Long COIN Daily ETF (CONL) manages $555.4M 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 CONL actively managed or an index fund?

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

CONL

GraniteShares 2x Long COIN Daily ETF

NASDAQ·Asset Management, Leveraged · Financial Services

$4.58$0.44−8.76%

After hours·$4.51−1.51%

Market closed·Oct 22 4:00 PM EDT

Price Chart

$4.58−$0.44 (−8.76%)today

−78.26%CAGR −30.45%

Select date range

FromTo

Aug 9, 2022Aug 9, 2022 → Oct 22, 2026· 4.2 yrsOct 22, 2026

Key Metrics

DistributionDividend Tab

Annual Distribution (FWD)$0.00

Distribution Yield (FWD)0.00%

Annual Distribution (TTM)—

Distribution Yield (TTM)0.00%

Distribution Growth (5Y)—

FrequencySpecial

Most Recent$0.11

Ex-Dividend DateFeb 27

Payment DateFeb 29

DiversificationDiversification Tab

Holdings1

Top 10 Weight66.7%

Top 25 Weight66.7%

Effective Holdings1

Sectors1

Largest HoldingCOIN · 66.7%

Largest SectorFinancial Services · 100.0%

Asset ClassLeveraged/Inverse

StrategyLeveraged

Cost & RiskExpenses Tab

Expense Ratio1.04%

Cost per 10k Invested$104

AUM$555.40M

Avg Daily Volume20.74M

Price$4.58

NAV$5.03

Premium / Discount−8.95%

52-Week Range$3.56 – $43.83

Beta6.54

Fund Overview

Cost Verdict

Is CONL's expense ratio expensive, average, or a steal for its category?

Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Issuer: GraniteShares
Asset Class: Leveraged/Inverse
Strategy: Leveraged
Inception: August 9, 2022
Fund Type: ETF
Domicile: US
Currency: USD
ISIN: US38747R8016
CUSIP: 38747R801
Website: graniteshares.com/institutional/us/en-us/etfs/conl/

Peers

Peers Tab

FNOV

FT Vest U.S. Equity Buffer ETF - November

Cap

$1.3B

FOCT

FT Vest U.S. Equity Buffer ETF - October

Cap

$1.2B

SUSL

iShares ESG MSCI USA Leaders ETF

Cap

$1.2B

Latest News

News Tab

Frequently Asked Questions About CONL

What does CONL invest in?: This exchange-traded fund (ETF) is designed to deliver daily returns that are two times (200%) the daily percentage movement of Coinbase Global Inc.'s common stock, traded as COIN on NASDAQ, before accounting for its own fees and expenses. It is crucial to understand that the fund's ability to achieve this specified objective each day is not guaranteed. Importantly, due to its daily rebalancing mechanism, this fund is not intended to replicate double the cumulative performance of COIN for investment horizons extending beyond a single trading day.
What is the expense ratio of CONL?: GraniteShares 2x Long COIN Daily ETF (CONL) charges an expense ratio of 1.04%. This is the annual fee deducted from fund assets to cover management and operations.
Is CONL a good long-term hold?: CONL 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 with 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 CONL's daily reset work?: CONL 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 CONL?: GraniteShares 2x Long COIN Daily ETF (CONL) manages $555.4M 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 CONL actively managed or an index fund?: CONL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

GraniteShares 2x Long COIN Daily ETF

Frequently Asked Questions About CONL

GraniteShares 2x Long COIN Daily ETF

Price Chart

Key Metrics

Fund Overview

Peers

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