GRANITESHARES ETF TRUST
| GRANITESHARES FUND | Nasdaq STOCK market Llc. TICKER SYMBOL | |
| GRANITESHARES 2x Long P Daily ETF | pul | |
| GRANITESHARES 2x SHORT P Daily ETF | pSD |
SUPPLEMENT DATED june [12], 2026
TO THE PROSPECTUS AND THE STATEMENT OF ADDITIONAL INFORMATION DATED may 26, 2026
GraniteShares 2x Long P Daily ETF and GraniteShares 2x Short P Daily ETF (each a “Fund” and together the “Funds”) are a series of GraniteShares ETF Trust.
Effective June [15], 2026, the Funds will change their name. This Supplement revises the Funds’ prospectus and SAI and (“Prospectus”) to reflect these changes.
| Previous FUND name | NEW FUND NAME EFFECTIVE JUNE [15], 2026 | |
| GRANITESHARES 2x Long PSTG Daily ETF | GRANITESHARES 2x Long P Daily ETF | |
| GRANITESHARES 2x SHORT PSTG Daily ETF | GRANITESHARES 2x SHORT P Daily ETF |
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Investors Should Retain This Supplement for Future Reference