The GraniteShares 2x Long Coinbase Daily ETF (CONL) closed down 2.64% at $42.72 on February 4th, as underlying Coinbase shares fell 2.32% to $277.80 amid security concerns. Blockchain researchers have highlighted significant security gaps in Coinbase, estimating that these vulnerabilities have led to $300 million in stolen funds over the past year. The report points to social engineering tactics and the blo
The GraniteShares 2x Long Coinbase Daily ETF (CONL) closed down 5.21% at $43.88 on February 3, 2025, as Coinbase shares fell 2.09% to $285.25 amid a broader cryptocurrency market sell-off. The decline in Coinbase's stock is largely attributed to the imposition of new tariffs by President Donald Trump on imports from Canada, Mexico, and China, which has heightened fears of a global trade war. This has led to
The GraniteShares 2x Long Coinbase Daily ETF (CONL) is experiencing significant downward pressure due to a confluence of factors impacting its underlying asset, Coinbase (COIN). The primary catalyst for the decline is the imposition of new tariffs by President Donald Trump on imports from Canada, Mexico, and China, which has sparked fears of a global trade war. This has led to a broad sell-off in risk asset
The GraniteShares 2x Long Coinbase Daily ETF (CONL) closed down 6.3% on January 31st, ending the day at $46.29 as Coinbase Global's stock fell 3.19% to $291.69 amid regulatory and market pressures. Coinbase's recent announcement of a major overhaul in its token listing process has sparked industry optimism, but concerns remain over the SEC's regulatory stance under new leadership. Additionally, Coinbase's o
The GraniteShares 2x Long Coinbase Daily ETF (CONL) surged 6.88% to close at $49.40 on January 30, 2025, as Coinbase Global Inc. (COIN) saw its stock rise by 2.91% to $299.46. The upward movement in Coinbase's stock was fueled by its expansion into Argentina, where it received regulatory approval to operate as a Virtual Asset Service Provider. This strategic move allows Coinbase to tap into Argentina's grow
The GraniteShares 2x Long Coinbase Daily ETF (CONL) surged 6.42% to close at $46.22 on January 29, 2025, as Coinbase Global (COIN) experienced a 2.86% increase to $289.89, driven by strategic moves to strengthen its political and regulatory positioning. Coinbase's recent addition of high-profile figures to its advisory board, including former Trump campaign manager Chris LaCivita and ex-Fed President Willia
The GraniteShares 2x Long Coinbase Daily ETF (CONL) closed up 2.48% at $43.43 on January 28, 2025, as Coinbase's stock rose 1.26% to $281.48 following its regulatory approval to launch a crypto exchange in Argentina. This strategic expansion into Argentina, the largest crypto receiver in Latin America, positions Coinbase to tap into a market that received $91 billion in crypto between 2023 and 2024. The app
The GraniteShares 2x Long Coinbase Daily ETF (CONL) is experiencing a downturn as the underlying asset, Coinbase (COIN), faces significant pressure. The decline in Coinbase's stock is primarily driven by a broader sell-off in cryptocurrency-exposed stocks, which has been exacerbated by a sharp drop in Bitcoin prices. Bitcoin fell by 3% to $100,776.81, influenced by a tech sector rout triggered by the emerge
The GraniteShares 2x Long Coinbase Daily ETF (CONL) closed up 1.53% at $48.96 on January 24, 2025, as shares of Coinbase Global Inc. (COIN) rose 1.01% to $299.00, buoyed by favorable market conditions and political developments. The uptick in Coinbase's stock was partly driven by President Donald Trump's executive order favoring the cryptocurrency industry, which has sparked optimism among investors. Additi
The GraniteShares 2x Long Coinbase Daily ETF (CONL) closed up 0.9% at $48.22 on January 22, 2025, as Coinbase Inc. seeks federal court guidance in a landmark crypto case. Coinbase's appeal to the Second Circuit Court of Appeals aims to clarify whether trades on its platform fall under federal securities laws, a move that could significantly impact the regulatory landscape for the crypto industry. The case,
The cryptocurrency market is experiencing significant volatility, driven by a mix of political developments and market reactions. The recent inauguration of President Donald Trump has sparked both optimism and disappointment among crypto investors. While Trump's pro-crypto stance initially fueled a surge in Bitcoin prices, reaching an all-time high of $109,000, the lack of immediate policy announcements has
Coinbase's recent developments have significantly influenced the GraniteShares 2x Long Coinbase Daily ETF (CONL). A notable factor is the surge in Solana activity, as highlighted by Coinbase's CEO, which has drawn attention to the platform's expanding ecosystem. Additionally, the anticipation surrounding President Trump's proposal to establish a U.S. strategic Bitcoin reserve has fueled market excitement. T
The GraniteShares 2x Long Coinbase Daily ETF (CONL) closed on January 17th at $48.17, marking a 9.48% increase, driven by a surge in Coinbase Global Inc. (COIN), which rose 5.18% to $296.23. The upward momentum in Coinbase's stock is largely attributed to a favorable U.S. Court of Appeals decision pressuring the SEC to clarify its stance on digital asset regulation, which is seen as a partial win for Coinba
The GraniteShares 2x Long Coinbase Daily ETF (CONL) is experiencing significant upward movement, driven by a surge in the underlying asset, Coinbase Global Inc. (COIN). The primary catalyst for this rise is the increased trading volume and interest in XRP on the Coinbase platform, which has surpassed Bitcoin in trading volume. This shift in trading dynamics is largely attributed to heightened U.S. investor
The GraniteShares 2x Long Coinbase Daily ETF (CONL) closed up 4.76% at $44.00 on January 16, 2025, as Coinbase Global's stock rose 1.97% to $280.35, driven by the reintroduction of Bitcoin-backed loans. Coinbase's decision to restart Bitcoin-backed loans through the Morpho protocol on its Ethereum layer-2 network, Base, has sparked investor interest. This move comes as Bitcoin's price remains elevated, foll
The GraniteShares 2x Long Coinbase Daily ETF (CONL) surged 15.07% to close at $42.00 on January 15, 2025, as Coinbase Global Inc. (COIN) shares rose 7.53% to $274.60 following a favorable court ruling. A federal appeals court instructed the SEC to provide a clearer rationale for rejecting Coinbase's request for crypto-specific rulemaking, a decision seen as a win for Coinbase. This ruling pressures the SEC
The GraniteShares 2x Long Coinbase Daily ETF (CONL) is experiencing a surge in value, driven by a favorable court ruling for Coinbase Global Inc. On January 15, 2025, a federal appeals court instructed the SEC to provide a clearer rationale for rejecting Coinbase's request for crypto-specific rulemaking. This decision is seen as a win for Coinbase, as it pressures the SEC to clarify its stance on digital as
Coinbase Global, Inc. (COIN) experienced a boost in its stock price, driven by favorable macroeconomic data and a partial legal victory. The broader cryptocurrency market also rallied, with Bitcoin surging 4.5% following a lighter-than-expected inflation report. The Bureau of Labor Statistics reported a 0.2% increase in the producer price index for December, below the anticipated 0.4%, which bolstered risk
The GraniteShares 2x Long Coinbase Daily ETF (CONL) is experiencing a downturn, primarily driven by a significant decline in the price of its underlying asset, Coinbase Global Inc. (COIN). As of January 13, 2025, COIN's price has dropped by 4.25%, reflecting broader market trends affecting crypto-related stocks. The decline in Coinbase's stock is closely linked to the ongoing slide in Bitcoin prices, which
The GraniteShares 2x Long Coinbase Daily ETF (CONL) closed down 1.1% at $37.59 on January 10, as its underlying asset, Coinbase Global Inc. (COIN), faced a 0.50% decline to $258.70. The drop in Coinbase shares was influenced by The Goldman Sachs Group lowering their price target from $397.00 to $340.00, maintaining a neutral rating. This adjustment reflects a cautious outlook amid broader market uncertainti