ProShares Introduces New ETF Targeting Coinbase’s Daily Returns
American cryptocurrency exchange Coinbase (COIN) is now featured in a new Exchange Traded Fund (ETF) launched by ProShares. This ETF, named ProShares Ultra COIN (COIA), aims to achieve 2x daily returns of Coinbase stock.
Key Developments
- ProShares expands its product lineup with the new ETF targeting Coinbase.
- ProShares manages over $60 billion in assets across various sectors, including cryptocurrencies.
- Coinbase's CEO, Brian Armstrong, highlighted the company's increased adoption of Artificial Intelligence, with nearly 40% of its code written using generative technology.
- Coinbase acquired Sensible and hired founders Jacob Frantz and Zachary Salmon, marking its seventh acquisition this year.
- The company aims to create an "everything exchange" with these innovations.
Additionally, the presale for Maxi Doge (MAXI) has raised nearly $2 million, indicating strong investor interest.
Current presale stats include:
- Price: $0.0002565
- Amount raised: $1.99 million
- Ticker: MAXI