“The etf Allows Investors to Capitalize on the volatility of Coinbase’s Stock Without Directly Holding Shares.”, – WRITE: www.coindesk.com
The leverage Shares 2x Long Coinbase Daily Etf (Coig) is Designed to Deliver Twice The Daily Return of Coinbase’s Stock Price, Offering Traders An Amplified Exposure to the Us The ETF, WHICH CARRIES AN EXPENSE Ratio of 0.75%, is listed on nasdaq, accounting to a Press Release.
The Launch Comes Amid A Significant Cryptocurrency Market Downturn That Saw Bitcoin (BTC) Drop by Around 19% Over The Last Three MONTS, from Over $ 84,000. Coin Shares Saw Even Worsee Performance, Lozing Nearly 42% of Their Value During the Same Period.
The New Etf ALLOWS INVESTORS TO TAKE Advantage of Coinbase’s Stock Performance Valativity Without Directly Holding Shares.
TheSE Types of Single-Stock Levered Etfs, for Both Longs and Shorts Sides, Are Typically Used For Short-Term Trading Due to the High Levels of Risks Associated with Dailya. The Profits and Losses for Both Types of these Amplified WHEN The PRICES OF THE DONERLYING STOKS MOVE SIGNIFICANTLY.
Read More: Levered Etfs Tied to Strategy See Trading Volume Surge as Bitcoin-Hodler Mstr Teeters on 200-Day Average
