5 hours ago
Leverage Shares by Themes has launched a caller exchange-traded money (ETF) tied to the Nasdaq-listed cryptocurrency speech Coinbase (COIN) banal contempt a downturn successful the crypto-related shares.
The Leverage Shares 2X Long Coinbase Daily ETF (COIG) is designed to present doubly the regular instrumentality of Coinbase’s banal price, offering traders an amplified vulnerability to the U.S.’s largest cryptocurrency exchange. The ETF, which carries an disbursal ratio of 0.75%, is listed connected Nasdaq, according to a press release.
The motorboat comes amid a important cryptocurrency marketplace downturn that saw bitcoin (BTC) driblet by astir 19% implicit the past 3 months, from implicit $105,000 to present basal astatine wrought $84,000. COIN shares saw adjacent worse performance, losing astir 42% of their worth during the aforesaid period.
The caller ETF allows investors to instrumentality vantage of Coinbase’s banal show volatility without straight holding shares.
These types of single-stock leveraged ETFs, for some longs and shorts sides, are typically utilized for short-term trading owed to the precocious levels of risks associated with regular compounding. The profits and losses for some types of these are amplified erstwhile the prices of the underlying stocks determination significantly.
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