What this ETF is trying to do

The GRANITESHARES 2X LONG CRWD DAILY ETF (CRWL) is a leveraged ETF. This means it uses financial tools to try and multiply the daily movement of a specific asset. Specifically, it aims for "2X Long" returns, which means it seeks to provide twice the daily return of its target.

What the numbers show

As of October 5, 2026, the current price of one share is $110.82. The data shows significant growth over the last year:

• Year-to-Date (YTD) Price Return: Approximately 259.73%

• One-Year Price Return: Approximately 206.98%

Because this ETF does not pay distributions, the price return (the change in share price) and the total return (the overall return including distributions) are the same.

To put this in perspective, the estimated price from roughly one year ago was $36.10. If an investor had put $10,000 into the ETF at that estimated price, the value of those shares would have grown significantly based on the one-year price return.

Income and distribution explanation

This ETF is not designed to provide regular cash income. The distribution yield is 0%, and there have been no payouts in the last 12 months. Investors should know that while some ETFs pay high yields, those payments do not always mean the investment is growing. In this case, there is no distribution income to report.

NAV erosion explanation

"NAV erosion" happens when the value of an ETF's underlying assets wears away over time, often due to the costs of leverage or volatility.

For CRWL, the erosion-risk score is 100, and the erosion severity is labeled as "good." The data states that no price erosion has been detected, and the severe erosion-risk flag is false.

Pros

• High Recent Growth: The ETF has shown very strong price returns over the last year and year-to-date.

• Low Erosion Risk: Current measurements indicate no detected price erosion.

Cons

• No Income: This ETF does not provide cash distributions for investors seeking income.

• Leverage Risk: As a leveraged ETF, it is designed for daily targets, which can be more volatile than standard ETFs.

Beginner takeaway

CRWL is a leveraged tool designed for growth rather than income. While it has seen a large increase in share price recently, it does not pay dividends. New investors should remember that leveraged ETFs behave differently than normal stocks and are often used for short-term goals rather than long-term savings.