CONL Lost 67% Year to Date While Coinbase Fell 33%, Exposing the Volatility Tax in Daily-Reset Leverage

If you put $10,000 into the GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) at Thursday’s close and checked the account Friday afternoon, you had about $8,556. The fund posted a 14% loss on June 5, 2026, closing at $4.80 after opening the session at $5.61 a 14% loss on June 5, 2026, closing at $4.80 ... CONL Lost 67% Year to Date While Coinbase Fell 33%, Exposing the Volatility Tax in Daily-Reset Leverage