The themes’ leverage actions have launched a new quoted background in Exchange (ETF) linked to Coinbase de Echillo de cryptocundad (Mune) actions that are quoted in Nasdaq.
The 2x long shared ETF Daily ETF Daily is designed to deliver twice the daily return of the Coinbase shares, offering merchants an exposure amplified to the largest cryptocurrency exchange of cryptocurrencies in the United States. The ETF, which entails an expense ratio of 0.75%, appears in Nasdaq, according to a press release.
The launch occurs in the middle of an important recession of the cryptocurrency market that saw that Bitcoin (BTC) decreased by about 19% in the last three months, from more than $ 105,000 until now in terms of $ 84,000. Coins shares saw even worse yield, losing almost 42% of their value during the same period.
The new ETF allows investors to take advantage of the volatility of Coinbase shares without having actions directly.
These types of ETF leverage of a single series, both for sides and short, are typically used for short -term trade due to high levels of risks associated with the daily compound. The gains and losses for both types of these are amplified when the prices of the underlying actions move significantly.
Read more: ETF leveraged to the strategy See the volume of trade arises as Bitcoin-Hodler Mstr Teeters in the average of 200 days
