Liverage shares from themes have launched a new Exchange-Traded Fund (ETF) tied to the NASDAQ-listed Cryptocurrency Exchange Coinbase (Coin) stock despite a downturn in the crypto-related shares.

Liverage shares 2x long coin base Daily ETF (COIG) is designed to deliver twice as much return on Coinbases stock price and offer dealers a reinforced exposure to the United States’ largest cryptocurrency exchange. ETF, which carries a cost ratio of 0.75%, is listed on NASDAQ, according to a press release.

The launch comes in the midst of a significant cryptocurrency -market murder that saw Bitcoin (BTC) fall by approx. 19% over the past three months, from over $ 105,000 to now on the preparation of $ 84,000. Coins shares saw even worse benefits and lost almost 42% of their value in the same period.

The new ETF allows investors to take advantage of Coinbases stock performance ducts without directly having shares.

These types of single stock geared ETFs, for both along and shorts, are typically used for short -term trade due to the high levels of risks associated with daily composition. The profits and losses for both types of these are reinforced when the prices of the underlying shares move significantly.

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