🔴 GraniteShares 2x Long COIN Daily ETF is trading 3% down today amid crypto weakness and risk-off tone ahead of the U.S. jobs report

GraniteShares 2x Long COIN Daily ETF is trading lower at $5.44 (down -3%) as investors de-risk ahead of the key U.S. Employment Situation report.

• The decline follows a close of $5.61 on June 04, reflecting a broader market rotation away from volatile, high-beta assets.
• The ETF is under pressure from recent weakness in the cryptocurrency sector and crypto-related equities like Coinbase (COIN).
• Market sentiment remains cautious as traders adopt a risk-off stance in anticipation of critical labor market data.