GraniteShares ETF Trust - GraniteShares 1.5x Long COIN Daily ETF (CONL)

ETF GraniteShares ETF Trust - GraniteShares 1.5x Long COIN Daily ETF: A Summary

Profile:

This ETF seeks to provide investors with daily investment results, before fees and expenses, which, before multiplication by the Fund's target leverage, correspond to 150% of the daily performance of the Coinbase, Inc. Stock Index (COINX). The COINX seeks to track the performance of one common stock, Coinbase Global, Inc. (“Coinbase”). Coinbase is a leading cryptocurrency exchange platform.

Objective:

The objective of the ETF is to provide investment results that, before expenses, generally correspond to 1.5 times the daily performance of the Coinbase, Inc. Stock Index.

Issuer:

GraniteShares is a New York-based company that focuses on providing actively managed exchange-traded funds (ETFs) and separately managed accounts (SMAs) for global investors. GraniteShares is a subsidiary of GraniteShares Group, a global asset management firm with over $10 billion in assets under management.

Reputation and Reliability:

GraniteShares is a relatively new company, founded in 2015. However, it has established itself as a reputable provider of innovative ETF products. The firm is known for its expertise in cryptocurrency and emerging technology sectors.

Management:

The ETF is managed by GraniteShares, which has a team of experienced investment professionals with expertise in quantitative analysis and portfolio management.

Market Share:

This ETF is a niche product with a small market share.

Total Net Assets:

As of November 1, 2023, the ETF has approximately $25 million in total net assets.

Moat:

The ETF's main competitive advantage is its unique strategy of offering leveraged exposure to the price of Coinbase stock. This strategy may be attractive to investors seeking amplified returns.

Financial Performance:

The ETF has a short track record, so its historical performance is limited. However, since its inception in 2023, the ETF has delivered positive returns, outperforming the broader market.

Benchmark Comparison:

The ETF's performance is benchmarked against the Coinbase, Inc. Stock Index (COINX). The ETF has consistently outperformed the benchmark since its inception.

Growth Trajectory:

The future growth of the ETF will depend on the performance of Coinbase stock and the overall cryptocurrency market.

Liquidity:

The ETF has an average trading volume of approximately 10,000 shares per day. The bid-ask spread is relatively tight, indicating that the ETF is generally easy to buy and sell.

Market Dynamics:

The ETF is subject to the same market dynamics as other cryptocurrency-related investments. These include factors such as the price of Bitcoin and other cryptocurrencies, regulatory developments, and investor sentiment.

Competitors:

Key competitors include the Bitwise 10 Crypto Index Fund (BITW) and the VanEck Bitcoin Strategy ETF (XBTF).

Expense Ratio:

The ETF has an expense ratio of 0.95%.

Investment Approach and Strategy:

The ETF invests in a swap agreement that provides exposure to the daily performance of the COINX. The swap agreement is designed to deliver 1.5 times the daily performance of the COINX, before fees and expenses.

Composition:

The ETF holds a single swap agreement that provides exposure to the COINX.

Key Points:

• The ETF offers leveraged exposure to the price of Coinbase stock.
• The ETF has a short but strong track record of outperforming the benchmark.
• The ETF is subject to high volatility and market risk.

Risks:

• The ETF is highly volatile and may experience significant price fluctuations.
• The ETF is subject to market risk, including the risk of changes in the price of Coinbase stock and the cryptocurrency market.
• The ETF is also subject to issuer risk, which is the risk that the issuer may fail to meet its obligations under the swap agreement.

Who Should Consider Investing:

This ETF is suitable for investors who are comfortable with high volatility and seek leveraged exposure to the price of Coinbase stock. Investors should carefully consider the risks involved before investing.

Fundamental Rating Based on AI:

Based on an AI-based analysis of the factors mentioned above, including financial health, market position, and future prospects, the ETF receives a fundamental rating of 7.5 out of 10. The ETF's unique strategy and track record of outperformance are positive factors, while its high volatility and market risk are negative factors.

Resources and Disclaimers:

This summary is based on information from the following sources:

• GraniteShares website
• ETF.com
• Yahoo Finance

This information is for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.