Straight long carbon nanofibers with a large hollow core obtained by a floating reactant method show a stacking morphology of truncated conical graphene layers, which in turn exhibit a large portion of open edges on the outer surface and also in the inner channels. Through a judicious choice of oxidation conditions, nanofibers with increased active edge sites are obtained without disrupting the fiber’s morphology. A graphitization process induces a morphological change from a tubular type to a reversing saw-toothed type and the formation of loops along the inner channel of the nanofibers, accompanied by a decrease in interlayer spacing.