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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.

Read more: Leveraged ETFs tied to the approach See the strength of trading volume as Bitcoin-Hodler Mstr Teeter on the 200-day average



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