Movement Alert｜GraniteShares 2x Long COIN Daily ETF Rises 8.16% in Regular Trading, Boosted by Upgraded Coinbase Targets and Business Developments
Market Focus
Oct 05
On October 5, GraniteShares 2x Long COIN Daily ETF rose 8.16% in regular trading, trading at $5.9999 per share, with turnover of $45.4845 million.
The leveraged ETF's movement was amplified by Coinbase capturing multiple catalysts including price target upgrades from Piper Sandler ($170) and Baird ($205), plus regulatory approval for tokenized securities custody in Abu Dhabi and a 313% surge in tokenized stock trading volume on its Base network.
This leveraged ETF employs swap agreements to deliver 150% of the daily performance of the underlying Coinbase stock, making it highly sensitive to such fundamental developments.
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