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Coinbase Stock Decline Can't Stop Highly Leveraged Long ETF Rollouts
The ETF allows investors to capitalize on the volatility of Coinbase's stock without directly holding shares.
Updated Mar 17, 2025, 3:44 p.m. Published Mar 15, 2025, 5:43 p.m.
What to know:
- Leverage Shares by Themes introduced a 2X Long Coinbase ETF (COIG) on Nasdaq.
- The ETF targets 200% daily exposure to Coinbase stock with a 0.75% expense ratio.
- It marks the firm's first crypto-focused ETF in the U.S., with more offerings planned for 2025
Leverage Shares by Themes has launched a new exchange-traded fund (ETF) tied to the Nasdaq-listed cryptocurrency exchange Coinbase (COIN) stock despite a downturn in the crypto-related shares.
The Leverage Shares 2X Long Coinbase Daily ETF (COIG) is designed to deliver twice the daily return of Coinbase’s stock price, offering traders an amplified exposure to the U.S.’s largest cryptocurrency exchange. The ETF, which carries an expense ratio of 0.75%, is listed on Nasdaq, according to a press release.
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The launch comes amid a significant cryptocurrency market downturn that saw drop by around 19% over the last three months, from over $105,000 to now stand at wrought $84,000. COIN shares saw even worse performance, losing nearly 42% of their value during the same period.
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The new ETF allows investors to take advantage of Coinbase’s stock performance volatility without directly holding shares.
These types of single-stock leveraged ETFs, for both longs and shorts sides, are typically used for short-term trading due to the high levels of risks associated with daily compounding. The profits and losses for both types of these are amplified when the prices of the underlying stocks move significantly.
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What to know:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
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