A new exchange-traded fund (ETF) has been introduced by Leverage Shares by Themes, focusing on Coinbase (COIN) stock. The Leverage Shares 2X Long Coinbase Daily ETF (COIG) aims to provide investors with twice the daily return of Coinbase’s stock price. This ETF, which has an expense ratio of 0.75%, is now listed on Nasdaq. The launch occurs during a notable downturn in the cryptocurrency market. Over the past three months, bitcoin (BTC) has fallen by approximately 19%, from over $105,000 to about $84,000. During the same period, COIN shares experienced a steeper decline, losing nearly 42% of their value. The new ETF offers a way for investors to leverage Coinbase’s stock volatility without owning the shares directly. Such single-stock leveraged ETFs are generally used for short-term trading due to their high risk from daily compounding effects, which can amplify both profits and losses when stock prices fluctuate significantly.
Devoted Dividend Investor
@DevotedDividend
·
Feb 3 This is a PERFECT 5 ETF Portfolio which offers exposure to massive income without crazy NAV DECAY From Day 1!
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John ProV1
@JohnProv1
·
Jan 18 3 ETF Starter Portfolio
$VOO Vanguard S&P 500 ETF 50%
$QQQ Invesco QQQ Trust Nasdaq ETF 30%
$SCHD Schwab US Dividend Equity ETF 20%
Expense Ratio .08%
Newcomer Investor
@NewcomerInvest
·
21h 03/15 YTD TOTAL RETURN update:
Weighted return: -1.26%
Average holding return: +2.51%
Alibaba $BABA | +66.41%
Franco Nevada $FNV | +30.39%
Algonquin Power $AQN | +15.70%
KITS $KITS | +7.83%
Northland Power $NPI | +6.42%
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