Is the GraniteShares 2x Long Coinbase Daily ETF Worth Investing In?
GraniteShares 2x Long Coinbase Daily ETF Performance Review
Is this high-performing ETF a golden opportunity or a potential pitfall? Take a look at the entire universe of exchange-traded funds (ETFs). Among these roughly 3,400 names, you'll find one name popping up at the very top of several recent performance charts.
- Three-Month Return: Nearly tripled with a 90-day return of 196%.
- Six-Month Return: Gained 335%.
- One-Year Return: Staggering 736% gain.
The GraniteShares 2x Long Coinbase Daily ETF (NASDAQ: CONL) has been outperforming major stocks like Nvidia and Super Micro Computers.
GraniteShares 2x Long Coinbase Daily ETF Details
As a leveraged ETF, this fund generates roughly double the returns of Coinbase shares on a daily basis. However, the fund is small with just $375 million of assets and carries an annual fee that may double in the future. The fund is designed for short-term trading and may not meet its investment objective over longer periods.
Understanding the Risks
Risk Warning: The fund managers emphasize the volatility and risks associated with this investment. The fund is linked directly to the Coinbase stock and may not provide the expected returns over time. In addition, leveraging can lead to amplified losses as much as gains in the portfolio.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.