🔴 GraniteShares 2x Long COIN Daily ETF is trading 4.3% down today as a broad crypto selloff and geopolitical tensions weigh on risk appetite

GraniteShares 2x Long COIN Daily ETF is trading at $6.70 (-4.3%) as a broad cryptocurrency selloff and rising Middle East tensions trigger a shift toward risk-off sentiment.

• Major digital assets are under pressure, with Bitcoin falling below $73,000 and Ethereum dropping under $2,000 on June 1.
• As a 2x leveraged fund tracking Coinbase (COIN), the ETF is magnifying the pre-market declines seen across crypto-related equities.
• Modestly lower U.S. equity futures are further reinforcing the downward pressure on high-beta and leveraged instruments.