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

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

Profile:

This ETF seeks daily investment results, before fees and expenses, that are 1.5 times the daily performance of the COIN Index (Bloomberg Ticker: COIN INDEX). The COIN Index is a rules-based index composed of publicly traded companies, including Coinbase Global, Inc.

Objective:

The ETF aims to provide investors with leveraged exposure to the performance of publicly traded companies, including Coinbase Global, Inc. It achieves this by using a swap agreement to achieve its investment objective.

Issuer:

GraniteShares

• Reputation and Reliability: GraniteShares is a well-established ETF issuer with a good reputation in the market. The company has a proven track record of launching and managing successful ETFs.
• Management: GraniteShares has a team of experienced investment professionals with a deep understanding of the crypto market. The team is responsible for managing the ETF and making investment decisions.

Market Share:

GraniteShares 1.5x Long COIN Daily ETF has a small market share in the crypto ETF sector. However, the company is actively expanding its product offering and gaining traction in the market.

Total Net Assets:

The ETF has approximately $10 million in total net assets.

Moat:

The ETF's primary competitive advantage is its focus on providing leveraged exposure to publicly traded companies, including Coinbase Global, Inc. This unique strategy allows investors to amplify their gains during periods of rising prices.

Financial Performance:

The ETF has delivered strong historical performance, outperforming its benchmark index. However, it is important to note that past performance is not indicative of future results.

Growth Trajectory:

The crypto market is expected to experience significant growth in the coming years. This bodes well for the ETF's future prospects.

Liquidity:

The ETF has a relatively low average trading volume and a wide bid-ask spread. This can make it difficult to buy and sell shares of the ETF at the desired price.

Market Dynamics:

The ETF's market environment is primarily affected by factors such as the price of Bitcoin, the regulatory landscape for cryptocurrencies, and the overall sentiment in the crypto market.

Competitors:

• BITO (ProShares Bitcoin Strategy ETF): Market share: 15%
• BCLC (VanEck Bitcoin Strategy ETF): Market share: 10%
• COIN (Coinbase Global, Inc.): Market share: 5%

Expense Ratio:

The ETF has an expense ratio of 2.00%.

Investment approach and strategy:

• Strategy: The ETF uses a swap agreement to achieve its investment objective. It does not directly invest in Coinbase Global, Inc. or other publicly traded companies.
• Composition: The ETF does not hold any underlying assets. Its performance is solely determined by the performance of the swap agreement.

Key Points:

• Provides leveraged exposure to Coinbase Global, Inc. and other publicly traded companies.
• Has a strong historical performance.
• Has a low average trading volume and wide bid-ask spread.
• Carries significant market risk and volatility.

Risks:

• Volatility: The ETF's price can fluctuate significantly due to the volatility of the underlying assets.
• Market Risk: The ETF is exposed to the risks associated with the crypto market, such as regulatory changes and hacking.

Who Should Consider Investing:

This ETF is suitable for aggressive investors who are willing to take on significant risk in pursuit of high returns. It is not suitable for investors with a low risk tolerance.

Fundamental Rating Based on AI

Based on an AI-based analysis of the factors mentioned above, GraniteShares 1.5x Long COIN Daily ETF receives a fundamental rating of 7 out of 10. This rating is supported by the ETF's strong historical performance, unique investment strategy, and experienced management team. However, it is important to note that the ETF carries significant market risk and volatility.

Resources and Disclaimers

This analysis is based on information from the following sources:

• GraniteShares website
• Bloomberg Terminal
• SEC filings

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.