• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Leverage Shares Launches 2X Long Coinbase Daily ETF on Nasdaq

user avatar

by Giorgi Kostiuk

4 hours ago


Leverage Shares, an asset management company, has introduced a new investment product—the 2X Long Coinbase Daily ETF, now available for trading on the Nasdaq. The product offers doubled daily returns of Coinbase shares.

ETF Features and Structure

The ETF is designed for investors with bullish expectations, offering increased exposure by doubling daily percentage returns. The product is best suited for short-term trades due to the risks associated with daily compounded returns. The product's expense ratio is set at 0.75%. Leverage Shares manages assets worth one billion dollars and offers leveraged ETPs. The company has numerous products traded on Europe's largest exchanges and is among the Inc. 5000 list of the fastest-growing private companies in the U.S.

Market Environment and Performance

The ETF launch coincides with a period of corrections in the cryptocurrency market. Over the last three months, Bitcoin has faced approximately a 19% decline, while Coinbase shares have experienced more significant value loss. This situation necessitates a cautious approach from investors regarding market volatility. The new product offers an alternative investment opportunity, allowing investors to capitalize on Coinbase's price movements without directly owning shares.

Importance of Risk Management

However, it is noted that such leveraged instruments are high-risk and should be carefully used in fast-paced market conditions. The product is preferred for short-term trades, keeping in mind that returns and losses can escalate quickly. Investors are advised to prioritize risk management amid overall market uncertainty and volatility. The introduction of this product underscores the need for close monitoring of cryptocurrency and related stock performance.

The launch of the new 2X Long Coinbase Daily ETF by Leverage Shares offers investors the opportunity to double daily returns of Coinbase shares while staying clear of direct stock ownership. Nevertheless, the product calls for caution in high-volatility conditions and suits short-term strategies.

0

Share

Other news

XRP at a Critical Juncture: Key Levels Defining Its Movement

XRP has fallen 4.98% to $2.2942. Key support and resistance levels have been identified for its next move.

user avatarGiorgi Kostiuk

9 minutes ago

Cardano (ADA) Futures on Coinbase: New Market Opportunities

Coinbase opens trading on Cardano (ADA) futures, strengthening positions in the global derivatives market.

user avatarGiorgi Kostiuk

9 minutes ago

Dogecoin Price Prediction: Mainstream Use Prospects

Though accepted by some companies, Dogecoin's mainstream adoption hinges on overcoming volatility and transaction speed issues.

user avatarGiorgi Kostiuk

12 minutes ago

Top Crypto ICOs to Invest In: Qubetics, Chainlink, and Polkadot

Exploring three leading crypto industry projects: Qubetics, Chainlink, and Polkadot, their innovations, and investment prospects.

user avatarGiorgi Kostiuk

12 minutes ago

Crypto Market Faces $66 Million Liquidation in an Hour

The crypto market experienced $66 million in liquidations within one hour, highlighting high volatility and leverage risk.

user avatarGiorgi Kostiuk

13 minutes ago

Cup and Handle Pattern Predicts Solana Price Rise

Solana (SOL) displays a bullish cup-and-handle pattern indicating potential significant price rise.

user avatarGiorgi Kostiuk

13 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.