GraniteShares 2x Long COIN Daily ETF is trading 3.6% up today as crypto-linked assets bounce following recent strength in Bitcoin and Coinbase.
- The ETF delivers 2x daily exposure to Coinbase, meaning improving crypto risk sentiment and gains in COIN translate into outsized moves for the fund.
- Today’s advance extends a sharp rebound triggered by the U.S.-Iran peace deal, which has provided a significant lift to Bitcoin and crypto-related equities after a period of heavy year-to-date losses.