Highly Leveraged Long ETFs Persist as Coinbase Stock Struggles

New Coinbase ETF Launches, Offering Double Daily Returns Despite Crypto Stock Slump

A fresh leveraged exchange-traded fund (ETF) is hitting the market, allowing traders to amplify their exposure to Coinbase’s stock—even as crypto shares face heavy losses.

Leverage Shares by Themes has introduced the 2X Long Coinbase Daily ETF (COIG), a Nasdaq-listed product designed to deliver twice the daily return of Coinbase (COIN) shares. The ETF, which carries an expense ratio of 0.75%, provides an alternative way for investors to capitalize on COIN’s price movements without holding the stock directly.

The launch comes amid a rough stretch for the cryptocurrency market. Bitcoin (BTC) has dropped 19% in the past three months, falling from over $105,000 to around $84,000, while Coinbase stock has suffered a 42% decline over the same period.

Despite the downturn, leveraged ETFs like COIG appeal to high-risk, short-term traders looking to take advantage of daily stock fluctuations. These instruments magnify both gains and losses due to their compounding structure, making them volatile but potentially rewarding for active investors.