GraniteShares, a leading issuer of innovative exchange-traded funds (ETFs), has announced the implementation of a reverse split for its GraniteShares 2x Short COIN fund, trading under the ticker symbol CONI. The move, set to take effect on July 29, 2025, aims to recalibrate the fund’s share ratio without altering its overall market capitalization or the economic value held by investors.
The GraniteShares 2x Short COIN ETF is a leveraged fund designed to deliver twice the inverse daily performance of its underlying cryptocurrency asset, responding to growing investor interest in tactical crypto strategies. Reverse splits are commonly used in the ETF industry to boost a fund’s per-share price, particularly when market movements result in significantly reduced share values. While this adjustment changes the number of shares investors hold, it does not impact the total value of their investment.
According to GraniteShares, shareholders will receive new shares based on the announced reverse split ratio. For example, if the split ratio is 1-for-5, every five old shares of CONI will be consolidated into one new share post-split. This adjustment is purely administrative and ensures the fund remains compliant with listing standards on major exchanges while maintaining investor confidence.
Reverse splits can improve the appeal and liquidity of a fund as they prevent share prices from falling too low, which may otherwise limit participation from certain institutional investors or result in delisting risks. GraniteShares assured investors that the expense ratios, investment objective, and underlying strategy of the 2x Short COIN ETF will remain unchanged after the process.
This announcement positions GraniteShares to proactively manage fund structures amidst volatile crypto market conditions. As leveraged and inverse ETFs continue to grow in popularity, such measures are increasingly utilized to ensure the relevance and accessibility of specialized products like the CONI fund. Shareholders are encouraged to review the official filings and consult their financial advisors regarding any administrative changes to their holdings.
GraniteShares has also reiterated its commitment to transparency, promising prompt updates throughout the transition. Investors seeking additional details about the reverse split process or broader fund strategies are advised to visit the company’s website or reach out to their brokerage representatives.
For ongoing updates on leveraged ETF strategies, cryptocurrency market dynamics, and other GraniteShares products, industry watchers are encouraged to follow official channels and market announcements.
