ProShares Launches New ETF to Track Coinbase Stock Price

American cryptocurrency exchange Coinbase (COIN) is one of the stocks that ProShares has identified with the capacity to create opportunities for consumers and investors. The firm made a strong statement recently as it rolled out a new Exchange Traded Fund (ETF) to track the Coinbase stock price.

Coinbase Receives Recognition for Its Innovations

The newly-launched ProShares Ultra COIN (COIA) is designed to target 2x daily returns of Coinbase, marking an expansion of the former’s product lineup. According to the company’s CEO, Michael L. Sapir, the launch of this fund gives investors the opportunity to magnify the daily returns of Coinbase in ETFs managed by ProShares.

Already recognized as the largest provider of leveraged funds in the world, with nearly three decades of experience, ProShares is in a phase of expanding its business. It supports several geared ETFs, with more than 110 products and over $60 billion in assets under management (AUM).

Notably, this spans across stock indexes, single stocks, fixed income, commodities, currencies, cryptocurrencies, and even volatility.

Bringing Coinbase on board suggests that the firm recognizes the exchange’s capacity to reshape the industry. The exchange is known for its proactive stance in the crypto ecosystem. As it stands, it is already employing tools that would make its vision easier to achieve. Brian Armstrong, Coinbase’s CEO, recently noted that the company is ramping up Artificial Intelligence (AI) adoption.

The company is in the middle of writing its code and it has allocated the heavy-lifting to AI. As of Sept. 8, it was reported that almost 40% of the Coinbase code is written using generative technology. Additionally, Coinbase recently acquired Sensible and also hired the founders of the crypto yield-earning platform, Jacob Frantz and Zachary Salmon.

With Sensible, Coinbase is looking to pioneer what it calls the “everything exchange.” It is worth noting that this is Coinbase’s seventh deal this year, following the $2.9 billion acquisition of Deribit.

Join the Ongoing Maxi DOGE Project Presale

Apart from crypto stock, today investors are also interested in new tokens like Maxi Doge (MAXI). In such a short time, this project’s presale has successfully pulled in $1,997,386.9, suggesting that it holds long-term potential.

The Maxi Doge pup has suddenly found its identity, away from the popular Shiba Inu ecosystem. Maxi Doge ensures that there is nothing a degenerate can’t do if they put their mind to it.

With this positive ideology, it has now found itself in the league of the best crypto presales of 2025.

Current Presale Stats:

Current price: $0.0002565

Amount raised so far: $1.99 million

Ticker: MAXI

The official presale website indicates that the token price is set to be adjusted in less than 2 days. Purchases can be completed using credit or debit cards, as well as cryptocurrency.

Want to know what to expect from this project? Read our Maxi Doge price prediction.

next

The post ProShares Launches New ETF to Track Coinbase Stock Price appeared first on Coinspeaker.