GraniteShares 2x Long COIN Daily ETF is trading 3.6% down as crypto assets remain under pressure following a digital-asset security breach and a broader shift away from risk ahead of the 8:30 AM CPI release.
- The ETF is amplifying downside moves in Coinbase-linked exposure amid a selloff in major cryptocurrencies like Bitcoin and Ethereum.
- Broader equity weakness, particularly in growth and tech sectors, is weighing on leveraged ETFs as Nasdaq futures trade lower.
- Market participants are showing reduced risk appetite as they await key inflation data, further impacting high-beta crypto-related assets.