Understanding the Leverage Shares 2x Long COIN Daily ETF (COIG)

The Leverage Shares 2x Long COIN Daily ETF (COIG) is a specialized fund designed to provide twice (2x) the daily return of a single stock: Coinbase. Because it is a leveraged ETF, it is built for short-term trading rather than long-term investing.

What this ETF is trying to do

COIG is a "single-stock ETF." This means it focuses on one company instead of a broad index. Specifically, it uses leverage to amplify the daily price movements of Coinbase. If the target stock goes up, the ETF aims for a larger gain; however, if the stock goes down, the ETF will experience larger losses.

What the numbers show

The recent data for COIG shows a significant decline in value:

• Current Price: $5.69

• Estimated Price (1 year ago): Approximately $46.83

• One-Year Price Return: -87.84%

• Year-to-Date (YTD) Price Return: -60.65%

Because this fund does not pay distributions, the total return is the same as the price return. For example, an investor who put $10,000 into the fund roughly one year ago would have seen the value of those shares drop by approximately 87.84% based on the price return.

Income and distribution explanation

COIG is not designed to provide income. The data shows a distribution yield of 0%, and no distributions have been detected in the last 12 months. It has an income rating grade of "F," meaning it provides no cash payments to investors.

Price and NAV erosion explanation

The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

However, the price-based evidence is significant. COIG has a severe erosion-risk flag and an erosion score of 10, which is labeled as "Severe price erosion." This means the fund's share price has deteriorated substantially over time.

Top Holdings

As of October 7, 2026, the fund's holdings are very limited. The only listed holding is:

• First American Treasury Obligs X (FXFXX): 10.66%

Pros

• Amplified Gains: It allows traders to get double the daily exposure to Coinbase without owning the stock directly.

Cons

• High Risk: The use of leverage can lead to very fast and deep losses.

• Severe Price Decline: The fund has lost a vast majority of its value over the past year.

• No Income: There are no dividends or distributions for investors.

Beginner takeaway

COIG is a high-risk tool for experienced traders, not a traditional investment for saving. It has experienced severe price erosion, and its value has dropped sharply over the last year. Because it uses 2x leverage, it is much more volatile than a standard stock.