The GraniteShares 1x Short COIN Daily ETF (CONI) surged 6.22% to $10.41 as of 3:01 PM ET on November 21, 2024, amid significant developments in the cryptocurrency market. Bitcoin reached a new all-time high of $98,372, driven by expectations of a more crypto-friendly regulatory environment under the incoming Trump administration. This surge in Bitcoin's price has led to increased trading activity in Coinbase Global, Inc. (NASDAQ:COIN), which saw unusually high trading volume despite a decline from the previous session. The anticipation of regulatory changes and the potential for Bitcoin to reach the $100,000 mark have fueled bullish sentiment in the crypto market, impacting related equities.