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    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0001689873</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>


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        <seriesId>S000076340</seriesId>
        <classId>C000236086</classId>
      </seriesClassInfo>

    </filerInfo>
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      <regFileNumber>811-23214</regFileNumber>
      <regCik>0001689873</regCik>
      <regLei>549300ODHHSS5JB0RB94</regLei>
      <regStreet1>222 Broadway 21st Floor</regStreet1>
      <regCity>NEW YORK</regCity>
      <regStateConditional regCountry="US" regState="US-NY"/>
      <regZipOrPostalCode>10038</regZipOrPostalCode>
      <regPhone>16468765143</regPhone>
      <seriesName>GraniteShares 2x Long META Daily ETF</seriesName>
      <seriesId>S000076340</seriesId>
      <seriesLei>549300COJNDX4PDNE610</seriesLei>
      <repPdEnd>2025-06-30</repPdEnd>
      <repPdDate>2025-03-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
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      <totLiabs>277960069.57</totLiabs>
      <netAssets>133091739.97</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.00000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.00000000</amtPayOneYrOthAffil>
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      <amtPayAftOneYrBanksBorr>0.00000000</amtPayAftOneYrBanksBorr>
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      <standByCommit>0.00000000</standByCommit>
      <liquidPref>0.00000000</liquidPref>
      <cshNotRptdInCorD>56497336.23000000</cshNotRptdInCorD>
      <isNonCashCollateral>N</isNonCashCollateral>
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        <monthlyTotReturns>
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        <monthlyReturnCats>
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            <swapCategory>
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      <varInfo>

        <fundsDesignatedInfo>
          <nameDesignatedIndex>FACEBOOK GROSS CLOSE</nameDesignatedIndex>
          <indexIdentifier>FB.GCL</indexIdentifier>

        </fundsDesignatedInfo>

      </varInfo>
    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>Cowen Group</name>
        <lei>N/A</lei>
        <title>META EQUITY SWAP 3</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="INTERNAL IDENTIFIER" value="META_TRSL_1"/>
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        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>182083651.20000000</valUSD>
        <pctVal>136.8106324562</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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            <counterparties>
              <counterpartyName>Cowen Group</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Meta Platforms, Inc.</issuerName>
                <issueTitle>Meta Platforms, Inc.</issueTitle>
                <identifiers>
                  <isin value="US30303M1027"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Underlying Performance</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="OBFR01" floatingRtSpread="2.00000000" pmntAmt="34031.69000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Day" rateTenorUnit="0" resetDt="Day" resetDtUnit="0"/>
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            </floatingPmntDesc>
            <terminationDt>2026-03-02</terminationDt>
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            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
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            <curCd>USD</curCd>
            <unrealizedAppr>-11213968.25000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Clear Street</name>
        <lei>N/A</lei>
        <title>META EQUITY SWAP 2</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="INTERNAL IDENTIFIER" value="META_CS1_1"/>
        </identifiers>
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        <units>NC</units>
        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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            <counterparties>
              <counterpartyName>Clear Street</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Meta Platforms, Inc.</issuerName>
                <issueTitle>Meta Platforms, Inc.</issueTitle>
                <identifiers>
                  <isin value="US30303M1027"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Underlying Performance</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="OBFR01" floatingRtSpread="1.00000000" pmntAmt="81628.28000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Day" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
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            </floatingPmntDesc>
            <terminationDt>2025-06-25</terminationDt>
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            <pmntCurCd>USD</pmntCurCd>
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            <unrealizedAppr>-55623.64000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>GraniteShares ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>William Rhind</ncom:signature>
      <ncom:signerName>William Rhind</ncom:signerName>
      <ncom:title>President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
