New Leveraged Coinbase ETF Debuts Despite Crypto Market Woes
A new leveraged exchange-traded fund (ETF) has been introduced, offering investors double the daily exposure to Coinbase (COIN) stock—even as the crypto sector faces turbulence.
Leverage Shares by Themes has launched the 2X Long Coinbase Daily ETF (COIG) on Nasdaq, designed to deliver twice the daily return of COIN shares. The ETF carries an expense ratio of 0.75% and provides traders with a leveraged way to bet on Coinbase’s stock performance without directly owning the shares.
The debut of COIG comes amid a crypto market downturn, with Bitcoin (BTC) sliding 19% in the last three months—from a peak of $105,000 to around $84,000. Coinbase shares have suffered even more, plunging 42% over the same period.
Despite the decline, leveraged ETFs remain a popular tool among short-term traders looking to profit from volatility. However, these funds come with significant risks, as compounding can amplify both gains and losses, making them better suited for active, experienced investors rather than long-term holders.
