Coinbase Shares Drop, But High-Leverage Long ETFs Continue to Launch

New Leveraged ETF Targets Coinbase Volatility Despite Stock Decline

A new exchange-traded fund (ETF) lets investors trade Coinbase’s price swings without holding the stock directly.

Leverage Shares by Themes has launched a 2X Long Coinbase Daily ETF (COIG), designed to double the daily returns of Coinbase (COIN) stock. The ETF, which carries a 0.75% expense ratio, is now listed on Nasdaq, according to a company announcement.

The launch comes at a challenging time for the crypto market. Bitcoin (BTC) has dropped 19% in the past three months, falling from above $105,000 to around $84,000. Coinbase’s stock has suffered even more, plummeting 42% over the same period.

Despite this downturn, the ETF provides traders an opportunity to capitalize on COIN’s price volatility without direct stock ownership.

Single-stock leveraged ETFs, whether long or short, are typically used for short-term trading due to their daily compounding mechanics. These funds magnify both profits and losses, making them highly speculative financial instruments.