GraniteShares 2x Long LCID Daily ETF (Nasdaq: LCDL) Fund Delisting – Negative NAV

GraniteShares announced that its 2x Long LCID Daily ETF (LCDL) closed its entire position in Lucid Group Inc. at a loss, resulting in negative net asset value. The fund will be delisted from NASDAQ. The announcement highlights the risks of leveraged ETFs, which are designed for short-term trading and can result in total loss of principal.