GraniteShares 1x Short COIN Daily ETFGraniteShares 1x Short COIN Daily ETFGraniteShares 1x Short COIN Daily ETF

GraniteShares 1x Short COIN Daily ETF

No trades
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Key stats


Assets under management (AUM)
‪3.12 M‬USD
Fund flows (1Y)
‪4.36 M‬USD
Dividend yield (indicated)
4.41%
Discount/Premium to NAV
Shares outstanding
‪280.00 K‬
Expense ratio
1.15%

About GraniteShares 1x Short COIN Daily ETF


Issuer
GraniteShares, Inc.
Brand
GraniteShares
Inception date
Sep 3, 2024
Structure
Open-Ended Fund
Index tracked
Coinbase Global, Inc. Class A
Management style
Passive
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
CONI is a short-term tactical tool that aims to deliver -1x the price return, less fees and expenses, for a single day of Coinbase Global, Inc. stock. Purchasers holding shares for longer than a day will need to monitor and rebalance their position frequently to attempt to achieve the -1x multiple. Aside from the inverse exposure, compared to traditional ETFs, the shares take on added volatility due to the lack of diversification. Purchasers should conduct their own individual stock research prior to initiating a position and trade with conviction. Due to the complexities of the product, shares tend to perform as anticipated only when the underlying shares are trending, and holders are on the positive corresponding side of that trade. However, the shares provide the advantage of capping the maximum loss to the full amount invested.

Classification


Asset Class
Equity
Category
Sector
Focus
Financials
Niche
Financial Exchanges & Data
Strategy
Vanilla
Geography
U.S.
Weighting scheme
Single asset
Selection criteria
Single asset

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of January 13, 2025
Exposure type
Bonds, Cash & Other
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows