New Coinbase-Leveraged ETF Launches Amid Crypto Market Slump

Leverage Shares has introduced the 2X Long Coinbase Daily ETF (COIG), a leveraged exchange-traded fund (ETF) designed to deliver twice the daily return of Coinbase (COIN) stock. Listed on Nasdaq with a 0.75% expense ratio, the ETF provides investors amplified exposure to the largest U.S. crypto exchange without directly holding its shares.

The launch comes as the crypto market faces a downturn, with Bitcoin (BTC) dropping 19% in the past three months, falling from $105,000 to $84,000. Meanwhile, COIN shares have plunged 42%, reflecting broader volatility in crypto-related stocks.

Single-stock leveraged ETFs like COIG are designed for short-term trading, offering opportunities for high returns but also significant risk due to daily compounding. These instruments amplify both gains and losses, making them suitable primarily for experienced traders managing market fluctuations.

Despite the bearish sentiment, the new ETF offers traders a way to capitalize on Coinbase’s stock movements, making it a compelling option for those seeking high-risk, high-reward strategies.