The GraniteShares 1x Short COIN Daily ETF, which inversely tracks the performance of Coinbase, is experiencing notable price movement today. The cryptocurrency market has been particularly volatile, with Bitcoin and Ethereum showing significant gains. This upward momentum in major cryptocurrencies is likely boosting investor sentiment towards Coinbase, a leading cryptocurrency exchange, thereby impacting the inverse ETF. Additionally, recent regulatory developments have been favorable for the crypto sector, with the SEC showing signs of a more lenient stance on cryptocurrency regulations, further enhancing market optimism.
The GraniteShares 1x Short COIN Daily ETF (CONI) is currently priced at $9.99, reflecting a 5.67% decrease as of 2:51 PM ET on November 27th.