The GraniteShares 2x Long COIN Daily ETF (CONL), which aims to deliver twice the daily percentage move of Coinbase stock, has lost about 85% year-to-date. This steep loss highlights the risks of leverage, daily compounding, and volatility in single-stock leveraged ETFs, where returns over longer periods can diverge significantly from the underlying stock's cumulative returns. Even if Coinbase recovers, CONL investors face a much harder path to break even due to the fund's daily reset mechanism and the large capital loss already incurred. CONL is designed for short-term trading exposure, not as a buy-and-hold investment, and its recent performance underscores the challenges of leveraged ETFs in volatile markets.
Cryptocurrency stocks like Strategy, Bitmine Immersion Technologies, and Coinbase rose significantly due to a $3.3 billion short squeeze in leveraged crypto bets, mostly on Bitcoin and Ethereum. Bitcoin jumped 10% and Ethereum 18%, marking the larges...
Bitcoin surged past $69,000, briefly touching $70,000 for the first time since June, driven by a broad rally in cryptocurrencies including Ether, Solana, XRP, and Dogecoin. The rally was boosted by the US Treasury's plan to double long-dated bond buy...
Bitcoin surged above $68,000, sparking a 13% rally in crypto-linked stocks like Strategy, Bitmine Immersion Technologies, and Coinbase. The U.S. SEC's proposed "Regulation Crypto Assets" framework is seen as a key catalyst, despite the stalled Clarit...
Retail brokerage stocks like Webull, Robinhood, and Coinbase rose sharply as Bitcoin surged to around $68,500, up 6% in 24 hours. Webull's shares climbed ahead of its Q2 earnings report, expected to show revenue growth despite a slight EPS dip. Robin...
Oak Securities has started coverage of Coinsilium Group Limited with a buy rating and a price target of 4.25p, more than double its current 2p share price. Coinsilium, a Gibraltar-based digital asset venture builder holding 182 Bitcoin, is valued aro...
