On September 30, GraniteShares 2x Long COIN Daily ETF rose 8.19% in regular trading, reaching $6.08/share, with turnover of approximately $30.13 million. As a 2x leveraged ETF tracking Coinbase, the fund amplified the underlying stock's upward momentum.
On the news front, Coinbase Derivatives formally submitted a self-certification application to the U.S. Commodity Futures Trading Commission (CFTC), seeking to list cash-settled single-stock perpetual futures contracts within a compliant framework. The initial batch of proposed listings targets two major tech giants — Apple and NVIDIA — with the broader product roadmap spanning 50 to 60 heavyweight stocks and ETFs. This move signals Coinbase's strategic push to bridge traditional equity markets with crypto-native derivative structures.
Additionally, crypto-related equities rallied broadly, with Strategy and Coinbase leading gains. The warmer market sentiment further fueled leveraged products like CONL, magnifying underlying price movements.
GraniteShares 2x Long COIN Daily ETF is a passively managed ETF that attempts to replicate 1.5 times (150%) the daily percentage change of the underlying stock by entering into swap agreements with major financial institutions. It is non-diversified.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)