Improvements by By themes have been launched by a new fund that is traded on the Stock Exchange (ETF) related to Cryptocurrency Exchange Coinbase (COIN) shares on the Nasdaq list, despite the decline in the section associated with cryptocurrencies.
The 2x Long Coinbase Daily Etf (COIG) enlargement section is designed to bring twice the daily return of Coinbase shares, offering merchants increased exposure to the highest American measure of cryptocurrency. ETF, which bears a cost ratio of 0.75%, is listed on Naddaq, according to a A statement for the public.
Starting comes due to a significant decrease in the CRIPTO currency market in which Bitcoin (BTC) has fallen by about 19% in the last three months, out of over 105,000 so far, it has been costing $ 84,000. Coin shares recorded even mountain performance, losing almost 42% of its value during the same period.
The new ETF allows investors to use the volatility of COINBASE shares without direct holding of shares.
These types of one-way ETF, both for long and shorts, are usually used for short-term trading due to high levels of risk associated with daily assembly. Profit and losses for both species are intensified when the prices of basic shares are significantly moving.
