Coinbase (Coin) Stock Decline will not prevent the highly leveraged Long ETF Rollout
Leverage shares by themes have launched a new funds exchanged by the exchange (ETF) tied to the stock listed in the NASDAQ listed in the CryptoCurrency Exchange Coinbase (COIN) stock despite a collapse of crypto -related shares.
Leverage shares the 2x Long Coinbase Daily ETF (COOG) is designed to deliver twice the day -to -day Coinbase stock price, which offers entrepreneurs a reinforced exposure to US cryptocurrency exchanges. ETF, which carries a cost ratio of 0.75%, is listed in Nasdaq, according to a Press release.
The launch was in the midst of a significant collapse of the cryptocurrency market that saw Bitcoin’s (BTC) collapse around 19% in the last three months, from more than $ 105,000 to this day standing at $ 84,000. Coins shares have seen worse performance, losing about 42% of their value at the same time.
The new ETF allows investors to take advantage of coinbase stock performance without directly handling shares.
These types of single-stock leveraged ETFs, for both sides of longs and shorts, are commonly used for short-term trade due to the high levels of risks associated with daily integration. The revenues and losses for both of them are strengthened when the underlying stock prices move significantly.
