AMENDMENT 2

Exhibit (h)(2)

AMENDMENT 2

This amendment (the “Amendment”) between the parties signing below (the “Parties”) amends the Existing Agreement as of July 26, 2022 (the “Effective Date”):

Term		Means
“Existing Agreement”		The Services Agreement by and among ALPS, Trust and Investment Adviser, dated January 27, 2021, as amended or restated from time to time
“ALPS”		ALPS Fund Services, Inc.
“Trust”		GraniteShares ETF Trust
“Investment Adviser”		GraniteShares Advisors LLC

Except as amended hereby, all terms of the Existing Agreement remain in full force and effect. This Amendment includes the amendments in Schedule A and general terms in Schedule B.

IN WITNESS WHEREOF, the Parties have executed this Amendment by their duly authorized representatives.

ALPS Fund Services, Inc.			GraniteShares ETF Trust
By:			By:	/s/ Xxxxxxx Xxxxx
Name:			Name:	Xxxxxxx Xxxxx
Title:			Title:	President of the Trust

GraniteShares Advisors LLC
By:	/s/ Xxxxxxx Xxxxx
Name:	Xxxxxxx Xxxxx
Title:	CEO and CFO

Schedule A to this Amendment

Amendments

As of the Effective Date, the Existing Agreement is amended as follows:

1. Schedule B Funds is deleted in its entirety and replaced with new Schedule B Funds:

Schedule B

Funds

GraniteShares 1.25x Long TSLA Daily ETF*

GraniteShares 1x Short TSLA Daily ETF*

GraniteShares 1.5x Long COIN Daily ETF*

GraniteShares 1.75x Long AAPL Daily ETF*

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

GraniteShares HIPS US High Income ETF (HIPS)

GraniteShares XOUT U.S. Large Cap ETF (XOUT)

*Denotes such Funds utilizing the Non-Unitary Fee Exchange Traded Fund Expense Services

Schedule B to this Amendment

General Terms

1. Capitalized terms not defined herein shall have the meanings given to them in the Existing Agreement.

2. The Parties’ duties and obligations are governed by and limited to the express terms and conditions of this Amendment, and shall not be modified, supplemented, amended or interpreted in accordance with, any industry custom or practice, or any internal policies or procedures of any Party. This Amendment (including any attachments, schedules and addenda hereto), along with the Existing Agreement, as amended, contains the entire agreement of the Parties with respect to the subject matter hereof and supersedes all previous communications, representations, understandings and agreements, either oral or written, between the Parties with respect thereto.

3. This Amendment may be executed in counterparts, each of which when so executed will be deemed to be an original. Such counterparts together will constitute one agreement. Signatures may be exchanged via facsimile or electronic mail and signatures so exchanged shall be binding to the same extent as if original signatures were exchanged.

4. This Amendment and any dispute or claim arising out of or in connection with it, its subject matter or its formation (including non-contractual disputes or claims) shall be governed by and construed in accordance with the laws of the same jurisdiction as the Existing Agreement.

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