A new investment product has been introduced in the financial markets. Leverage Shares has launched the 2X Long Coinbase Daily ETF, which is listed on Nasdaq. This product aims to double the daily return of Coinbase shares.
The new ETF is designed for investors looking to trade with bullish expectations. While the product aims to provide increased exposure by doubling daily percentage returns, it is deemed suitable for short-term trades due to the risks associated with daily compounded returns. The expense ratio of the product has been set at 0.75%.