A new investment vehicle traded in the financial markets has been announced. Laverge Shares launched the 2x Long Coinbase Daily ETF, which is listed in Nasdaq. This product targets twice the daily return of Coinbase shares.
ETF properties and structure
The new ETF has been designed for investors who want to trader with the expectation of rise. Although the vehicle aims to increase the daily percentage of daily percentage, it is considered suitable for short -term transactions due to daily compound return risks. The expense rate of the product was determined as 0.75 %.
This leveped ETF offers a twice the ETF -holding earnings of daily earnings. On the contrary, losses increase. Laverge Shares, who manages $ 1 billion asset, offers leveraged and reverse ETPs. There are many products traded on the largest stock markets in Europe. The Inc 5000 list was among the fastest growing 5000 private companies.
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Market environment and performance
The ETF launch coincided with a period in which the corrections in the crypto currency market continued. Bitcoin in the last three months 
$83,728.44 While a decrease in a value of approximately 19 %, Coinbase shares experienced a more significant loss of value. This requires investors to be cautious against market volatility.
The new product offers an alternative investment for those who want to benefit from the price movements of Coinbase shares. Investors will be able to aim to benefit from increasing volatility without direct shares.
However, it is stated that such a single shares contain high risks and carefully used in rapidly changing market conditions. While the product is preferred for short -term transactions, it should be considered that return and damages may increase rapidly.
Investors are expected to attach importance to risk management while taking positions in the general uncertainty and volatility in the market. The launch of the product, crypto currency and relevant stock performances should be closely monitored.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
