GraniteShares 2x Long COIN Daily ETF is trading at $5.11 (+5.12%) as crypto-linked assets rebound in pre-market trading alongside a broader lift in risk-on sentiment.
- The move is driven by gains in Bitcoin and Ethereum overnight, which directly impacts this 2x leveraged proxy for Coinbase (COIN).
- Strength in Nasdaq and S&P 500 futures is providing additional tailwinds for risk-sensitive assets following a period of high volatility.
- Improved sentiment around COIN-linked instruments follows recent selling pressure, with broad market momentum helping to amplify the ETF's upside.