Exhibit (i)
September 11, 2025
GraniteShares ETF Trust
205 Hudson Street, 7th Floor
New York, NY 10013
Ladies and Gentlemen:
This letter is in response to your request for our opinion in connection with the filing of Post-Effective Amendment No. 102 to the Registration Statement, File Nos. 333-214796 and 811-23214 (the “Registration Statement”), of GraniteShares ETF Trust (the “Trust”).
We have examined a copy of the Trust’s Agreement and Declaration of Trust, the Trust’s By-laws, the Trust’s record of the various actions by the Trustees thereof, and all such agreements, certificates of public officials, certificates of officers and representatives of the Trust and others, and such other documents, papers, statutes and authorities as we deem necessary to form the basis of the opinion hereinafter expressed. We have assumed the genuineness of the signatures and the conformity to original documents of the copies of such documents supplied to us as copies thereof.
Based upon the foregoing, we are of the opinion that, after Post-Effective Amendment No. 102 is effective for purposes of applicable federal and state securities laws, the shares of each fund listed on the attached Exhibit A (the “Funds”), if issued in accordance with the then current Prospectus and Statement of Additional Information of the applicable Fund, will be legally issued, fully paid and non-assessable.
The opinions expressed herein are limited to matters of Delaware statutory trust law and United States Federal law as such laws exist today; we express no opinion as to the effect of any applicable law of any other jurisdiction. We assume no obligation to update or supplement our opinion to reflect any facts or circumstances that may hereafter come to our attention, or changes in law that may hereafter occur.
We hereby give you our permission to file this opinion with the Securities and Exchange Commission as an exhibit to Post-Effective Amendment No. 102 to the Registration Statement. This opinion may not be filed with any subsequent amendment, or incorporated by reference into a subsequent amendment, without our prior written consent. This opinion is prepared for the Trust and its shareholders and may not be relied upon by any other person or organization without our prior written approval.
Very truly yours, | |
/s/ Thompson Hine LLP | |
THOMPSON HINE LLP |
PS/AJD
EXHIBIT A
GraniteShares 1.25x Long TSLA Daily ETF |
GraniteShares 2x Long NVDA Daily ETF |
GraniteShares 2x Long COIN Daily ETF |
GraniteShares 2x Long BABA Daily ETF |
GraniteShares 2x Long META Daily ETF |
GraniteShares 2x Long GOOGL Daily ETF |
GraniteShares 2x Long AMZN Daily ETF |
GraniteShares 2x Long AAPL Daily ETF |
GraniteShares 2x Long MSFT Daily ETF |
GraniteShares 2x Long AMD Daily ETF |
GraniteShares 2x Long PLTR Daily ETF |
GraniteShares 2x Long UBER Daily ETF |
GraniteShares 2x Long DIS Daily ETF |
GraniteShares 2x Long F Daily ETF |
GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF |
GraniteShares HIPS US High Income ETF |
GraniteShares Nasdaq Select Disruptors ETF |
GraniteShares 2x Long AAL Daily ETF |
GraniteShares 1x Short AAL Daily ETF |
GraniteShares 2x Short AAL Daily ETF |
GraniteShares 1x Short AAPL Daily ETF |
GraniteShares 1.5x Short AAPL Daily ETF |
GraniteShares 2x Short AAPL Daily ETF |
GraniteShares 1x Short AMD Daily ETF |
GraniteShares 2x Short AMD Daily ETF |
GraniteShares 2x Short COIN Daily ETF |
GraniteShares 2x Long JPM Daily ETF |
GraniteShares 1x Short JPM Daily ETF |
GraniteShares 2x Short JPM Daily ETF |
GraniteShares 2x Long LCID Daily ETF |
GraniteShares 1x Short LCID Daily ETF |
GraniteShares 2x Short LCID Daily ETF |
GraniteShares 1x Short META Daily ETF |
GraniteShares 2x Short META Daily ETF |
GraniteShares 1x Short NVDA Daily ETF |
GraniteShares 2x Short NVDA Daily ETF |
GraniteShares 2x Long RIVN Daily ETF |
GraniteShares 1x Short RIVN Daily ETF |
GraniteShares 1.5x Short RIVN Daily ETF |
GraniteShares 2x Short RIVN Daily ETF |
GraniteShares 2x Long TSLA Daily ETF |
GraniteShares 1x Short TSLA Daily ETF |
GraniteShares 1.5x Long TSLA Daily ETF |
GraniteShares 2x Short TSLA Daily ETF |
GraniteShares 1.75x Short TSLA Daily ETF |
GraniteShares 2x Long XOM Daily ETF |
GraniteShares 1x Short XOM Daily ETF |
GraniteShares 2x Short XOM Daily ETF |
GraniteShares 2x Long ADBE Daily ETF |
GraniteShares 2x Short ADBE Daily ETF |
GraniteShares 2x Long AMC Daily ETF |
GraniteShares 2x Long ARM Daily ETF |
GraniteShares 2x Long AVGO Daily ETF |
GraniteShares 2x Short AVGO Daily ETF |
GraniteShares 2x Long CCL Daily ETF |
GraniteShares 2x Short CCL Daily ETF |
GraniteShares 2x Long CRWD Daily ETF |
GraniteShares 2x Short CRWD Daily ETF |
GraniteShares 2x Long DELL Daily ETF |
GraniteShares 2x Short DELL Daily ETF |
GraniteShares 2x Long GME Daily ETF |
GraniteShares 2x Long INTC Daily ETF |
GraniteShares 2x Short INTC Daily ETF |
GraniteShares 2x Long LLY Daily ETF |
GraniteShares 2x Short LLY Daily ETF |
GraniteShares 2x Long MSTR Daily ETF |
GraniteShares 2x Long MU Daily ETF |
GraniteShares 2x Short MU Daily ETF |
GraniteShares 2x Long NFLX Daily ETF |
GraniteShares 2x Short NFLX Daily ETF |
GraniteShares 2x Long NVO Daily ETF |
GraniteShares 2x Short NVO Daily ETF |
GraniteShares 2x Long PANW Daily ETF |
GraniteShares 2x Short PANW Daily ETF |
GraniteShares 2x Long QCOM Daily ETF |
GraniteShares 2x Short QCOM Daily ETF |
GraniteShares 2x Long SMCI Daily ETF |
GraniteShares 2x Short SMCI Daily ETF |
GraniteShares 2x Long TSM Daily ETF |
GraniteShares 2x Short TSM Daily ETF |
GraniteShares YieldBOOST QQQ ETF |
GraniteShares YieldBOOST SPY ETF |
GraniteShares YieldBOOST Small Cap ETF |
GraniteShares YieldBOOST Biotech ETF |
GraniteShares YieldBOOST Financials ETF |
GraniteShares YieldBOOST Gold Miners ETF |
GraniteShares YieldBOOST Semiconductor ETF |
GraniteShares YieldBOOST Technology ETF |
GraniteShares YieldBOOST China ETF |
GraniteShares YieldBOOST 20Y+ Treasuries ETF |
GraniteShares YieldBOOST Bitcoin ETF |
GraniteShares YieldBOOST AAPL ETF |
GraniteShares YieldBOOST AMD ETF |
GraniteShares YieldBOOST AMZN ETF |
GraniteShares YieldBOOST BABA ETF |
GraniteShares YieldBOOST COIN ETF |
GraniteShares YieldBOOST META ETF |
GraniteShares YieldBOOST MSFT ETF |
GraniteShares YieldBOOST NVDA ETF |
GraniteShares YieldBOOST TSLA ETF |
GraniteShares 2x Long IONQ Daily ETF |
GraniteShares 2x Long XYZ Daily ETF |
GraniteShares 2x Long MARA Daily ETF |
GraniteShares 2x Short MSTR Daily ETF |
GraniteShares 2x Long MRVL Daily ETF |
GraniteShares 2x Long PDD Daily ETF |
GraniteShares 2x Long RDDT Daily ETF |
GraniteShares 2x Long RIOT Daily ETF |
GraniteShares 2x Long HOOD Daily ETF |
GraniteShares 2x Long NOW Daily ETF |
GraniteShares 2x Long SNOW Daily ETF |
GraniteShares 2x Long VRT Daily ETF |
GraniteShares 2x Long ABNB Daily ETF |
GraniteShares 2x Long APP Daily ETF |
GraniteShares 2x Long CVNA Daily ETF |
GraniteShares 2x Long KO Daily ETF |
GraniteShares 2x Long CRWV Daily ETF |
GraniteShares 2x Long CEG Daily ETF |
GraniteShares 2x Long COST Daily ETF |
GraniteShares 2x Long ETOR Daily ETF |
GraniteShares 2x Long FSLR Daily ETF |
GraniteShares 2x Long GLXY Daily ETF |
GraniteShares 2x Long HIMS Daily ETF |
GraniteShares 2x Long ISRG Daily ETF |
GraniteShares 2x Long MCD Daily ETF |
GraniteShares 2x Long MELI Daily ETF |
GraniteShares 2x Long NBIS Daily ETF |
GraniteShares 2x Long NKE Daily ETF |
GraniteShares 2x Long OKLO Daily ETF |
GraniteShares 2x Long PM Daily ETF |
GraniteShares 2x Long RGTI Daily ETF |
GraniteShares 2x Long SNAP Daily ETF |
GraniteShares 2x Long SPOT Daily ETF |
GraniteShares 2x Long SBUX Daily ETF |
GraniteShares 2x Long UNH Daily ETF |
GraniteShares 2x Long WMT Daily ETF |
GraniteShares 2x Long BULL Daily ETF |
GraniteShares YieldBOOST ARM ETF |
GraniteShares YieldBOOST ASML ETF |
GraniteShares YieldBOOST AVGO ETF |
GraniteShares YieldBOOST BRKB ETF |
GraniteShares YieldBOOST HIMS ETF |
GraniteShares YieldBOOST IONQ ETF |
GraniteShares YieldBOOST LCID ETF |
GraniteShares YieldBOOST MARA ETF |
GraniteShares YieldBOOST MRVL ETF |
GraniteShares YieldBOOST MSTR ETF |
GraniteShares YieldBOOST MU ETF |
GraniteShares YieldBOOST NFLX ETF |
GraniteShares YieldBOOST PDD ETF |
GraniteShares YieldBOOST PLTR ETF |
GraniteShares YieldBOOST RGTI ETF |
GraniteShares YieldBOOST RIOT ETF |
GraniteShares YieldBOOST RIVN ETF |
GraniteShares YieldBOOST HOOD ETF |
GraniteShares YieldBOOST SMCI ETF |
GraniteShares YieldBOOST SOFI ETF |
GraniteShares YieldBOOST TSM ETF |
GraniteShares YieldBOOST UBER ETF |
GraniteShares YieldBOOST VRT ETF |