The GraniteShares 1x Short COIN Daily ETF (CONI) rose to $10.15, up 3.57% as of 1:56 PM ET on November 21st, amid significant developments in the cryptocurrency market. Bitcoin surged past $98,000 for the first time, driven by expectations of crypto-friendly regulatory policies under a potential second Trump presidency. This rally has fueled gains in crypto-related equities, with Coinbase shares rising nearly 60% since the election. The market's optimism is further bolstered by the anticipation of a more favorable environment for digital currencies, as the federal government appears ready to embrace them. Additionally, the potential ouster of SEC Chairman Gary Gensler, known for his strict regulatory stance, has contributed to the positive sentiment.