GraniteShares 2x Long COIN Daily ETF is trading at $5.20 (-3.7%) as its underlying exposure to Coinbase and crypto-linked risk assets softens in pre-market trading.
- Bitcoin and Ethereum are both trading lower in the latest session, while broader U.S. futures move higher with tech leadership concentrated outside of the crypto space, limiting support for the fund.
- The decline follows a recent rebound in crypto assets after geopolitical de-escalation, leaving the leveraged ETF vulnerable to a pullback as that relief rally unwinds.