11/21

CONI Jumps 6.22% as Coinbase Stock Declines Amid Bitcoin Surge

The GraniteShares 1x Short COIN Daily ETF (CONI) rose to $10.41, up 6.22% as of 3:17 PM ET on November 21st, driven by significant developments in the cryptocurrency market. Coinbase Global, Inc. (NASDAQ:COIN) experienced unusually high trading volume, with 6,509,371 shares changing hands, although this marked a 41% decline from the previous session. The stock last traded at $310.05, down from its previous close of $320.01. This decline in Coinbase's stock price comes amid a broader surge in Bitcoin, which hit a new all-time high of $98,372, fueling speculation about its potential to reach $100,000. The cryptocurrency's rally is attributed to increased investor interest and market optimism, which has also impacted related stocks and ETFs.