GraniteShares 2x Long COIN Daily ETF is trading 8.3% down today as leveraged exposure to Coinbase (COIN) magnifies downside pressure from a sharp crypto-sector selloff.
- Bitcoin’s break below the $70,000 level has sparked renewed fear regarding Mt. Gox-related supply flows and continued spot Bitcoin ETF outflows.
- Escalating U.S.–Iran tensions are pushing investors toward risk-off positioning, pressuring both cryptocurrencies and high-beta crypto-linked equities.