New ETF Launched Amid Crypto Market Downturn

NEW YORK, March 15, 2025 – Leverage Shares by Themes has introduced a new exchange-traded fund (ETF) tied to Coinbase (COIN) stock, despite a downturn in cryptocurrency-related shares. The Leverage Shares 2X Long Coinbase Daily ETF (COIG) aims to deliver double the daily return of Coinbase’s stock price, providing traders with amplified exposure to the largest cryptocurrency exchange in the United States.

Listed on Nasdaq, the ETF comes with an expense ratio of 0.75% and is designed for investors seeking to capitalize on Coinbase’s price volatility without directly purchasing shares. The launch occurs during a significant downturn in the cryptocurrency market, where bitcoin (BTC) has dropped approximately 19% over the past three months, falling from more than $105,000 to around $84,000. Coinbase shares have experienced an even steeper decline, losing nearly 42% of their value in the same timeframe.

“This new ETF allows investors the opportunity to benefit from the fluctuations in Coinbase’s stock performance, particularly in such a volatile environment,” said a spokesperson from Leverage Shares. “It’s important to highlight, however, that these types of single-stock leveraged ETFs are usually suited for short-term trading due to their associated high risks.”

Leveraged ETFs, including both long and short sides, amplify gains and losses when the prices of the underlying stocks experience significant movement. This characteristic can result in heightened risk but also increased potential for profit, making them popular among short-term traders seeking to exploit rapid market shifts.

Francisco, a reporter at CoinDesk, expressed enthusiasm about the launch. “Amidst market volatility, financial tools like this ETF provide new avenues for investors, though caution is advised,” he noted. “As always, the risk is significant given the nature of leveraged investing.”

Investors looking to gain exposure to the cryptocurrency market through traditional stock mechanisms will likely keep a close eye on COIG’s performance as it unfolds against the backdrop of ongoing challenges in the crypto sector.