The post Themes ETFs exec on new 2X Coinbase fund: ‘We believe as the Bitcoin tide rises, it will lift all crypto boats’ appeared on BitcoinEthereumNews.com.

My parents once dismissed Bitcoin as “made-up internet money”, yet they are increasingly asking me how to gain exposure to the digital currency. The launch this week of a 2x long Coinbase ETF is the latest example of how Wall Street recognizes demand from traditional equity investors. Owning crypto outright is out of the question for my parents and is likely the case for many others. But, investors are hungry for exposure from Wall Street. In 2022 I recommended buying the first ever Bitcoin ETF (Purpose Bitcoin ETF) and in mid-2024 I suggested buying shares of Robinhood. Both turned out to be very profitable trades, although the Bitcoin ETF certainly had its ups and downs (more downs than ups for a while). With the rise of spot Bitcoin and other altcoin ETFs, digital assets are making a bigger push into the financial mainstream. Indeed, the tides are shifting. Even cautious investors, like my parents whose risk tolerance is lower as they are both retired, are warming up to the idea of owning more exposure to crypto. That’s why I was intrigued by the launch of the Leverage Shares 2X Long Coinbase ETF (Ticker: COIG), which began trading on Nasdaq this week. Issued by Themes ETFs, COIG offers double the daily performance of Coinbase stock (COIN), one of the most prominent names in the U.S. crypto infrastructure. It’s not a direct bet on the performance of any one crypto or the industry as a whole. Rather it is a way to express conviction in Coinbase as the go-to exchange for both retail and institutional crypto investors. The logic is sound: Coinbase generates higher revenue when more people are investing and trading in cryptos. Leveraged ETFs like COIG aren’t your typical long-term investments. They’re designed for traders who want to amplify short-term…

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Filed under: News - @ March 22, 2025 3:21 am