{
 "ticker": "CONI",
 "name": "GraniteShares 2x Short COIN Daily ETF",
 "issuer": "GraniteShares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/coni",
 "html": "https://etfiq.com/funds/coni",
 "markdown": "https://etfiq.com/funds/coni.md",
 "as_of": "2026-09-30",
 "verdict": "Three months to Sep 30, 2026: CONI returned \u221253.7% where its own daily promise gave \u221252.8%, 0.9 points short.",
 "key_facts": [
  {
   "key": "what_coin_did",
   "label": "What COIN did",
   "value": "+17.1%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "CONI, what COIN did: +17.1%, as of Sep 30, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What \u22122 times a day gives",
   "value": "\u221252.8%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "CONI, what \u22122 times a day gives: \u221252.8%, as of Sep 30, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221253.7%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "CONI, what the fund returned: \u221253.7%, as of Sep 30, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22120.9 pts",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "CONI, the fund itself cost: \u22120.9 pts, as of Sep 30, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$13m",
   "source": "issuer page, as of Sep 30, 2026",
   "as_of": "2026-09-30",
   "sentence": "CONI, net assets: $13m (issuer page, as of Sep 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.15%",
   "source": "485BPOS XBRL, Oct 24, 2025",
   "as_of": "2026-09-30",
   "sentence": "CONI, expense ratio: 1.15% (485BPOS XBRL, Oct 24, 2025)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "-2 times the daily move of COIN, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "-3.15 times, against -2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "COIN",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$13m",
   "source": "issuer page, as of Sep 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.15%",
   "source": "485BPOS XBRL, Oct 24, 2025"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Sep 4, 2024",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "75% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221215.6%",
   "COIN": "\u22120.9%",
   "-2x the move": "+1.8%",
   "Difference": "\u221217.4 pts",
   "COIN moved about": "83%"
  },
  {
   "window": "3 months",
   "Fund": "\u221253.7%",
   "COIN": "+17.1%",
   "-2x the move": "\u221234.1%",
   "Difference": "\u221219.6 pts",
   "COIN moved about": "75%"
  },
  {
   "window": "6 months",
   "Fund": "\u221261.6%",
   "COIN": "+7.8%",
   "-2x the move": "\u221215.5%",
   "Difference": "\u221246.1 pts",
   "COIN moved about": "70%"
  },
  {
   "window": "1 year",
   "Fund": "\u221241.3%",
   "COIN": "\u221244.8%",
   "-2x the move": "+89.5%",
   "Difference": "\u2212130.8 pts",
   "COIN moved about": "72%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221295.2%",
   "COIN": "+14.2%",
   "-2x the move": "\u221228.4%",
   "Difference": "\u221266.8 pts",
   "COIN moved about": "79%"
  }
 ],
 "questions": [
  {
   "q": "Did CONI return -2 times COIN?",
   "a": "Over the window to Sep 30, 2026, COIN moved +17.1% and CONI returned \u221253.7%. \u22122 times that move is \u221234.1%, so the fund came out 19.6 points short of it."
  },
  {
   "q": "Why does CONI not return -2 times over a year?",
   "a": "Because it resets daily. CONI aims at -2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what -2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get."
  }
 ],
 "generated": "2026-10-01",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}