The GraniteShares 1x Short COIN Daily ETF (CONI) saw a slight increase of 0.1% after market close on November 22, 2024, following a 2.94% decline during the trading day. The underlying asset, Coinbase Global, experienced a 0.9% drop as Bitcoin eased from its record high of over $99,300, settling at $98,340. This decline in Bitcoin, despite its significant gains throughout 2024, has impacted cryptocurrency and blockchain-related stocks, including Coinbase. The market's anticipation of a friendlier regulatory environment for digital assets following Donald Trump's presidential election win has not been enough to sustain Bitcoin's peak levels.