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ISIN: XS3107206156

-3x Short Coinbase

NAV as of 15 Oct 2026, 12:00 AM UTC

$9.07 (-18.95%)

Year-To-Date Change

-88.85%

  • Exchange closed LSE
  • Exchange closed Borsa Italiana

Capital at risk. NAV calculated by Leverage Shares. For more information on the calculation please click here

More Leverage Factors:

1x 3x

Overview

What is the -3x Short Coinbase ETP?

The Leverage Shares -3x Short Coinbase (COIN) ETP (ISIN XS3107206156) is an exchange traded product (ETP) that seeks to deliver minus three times (-3x) the daily performance of Coinbase Global, Inc. It achieves leverage through margin borrowing and has physical ownership of the underlying, so it does not use swaps or other derivatives to achieve its exposure, and it does not have credit risk. Exposure is rebalanced daily, and an intraday rebalance mechanism ("airbag") is designed to cushion the largest intra-day moves, triggering at 16.67%. You cannot lose more than the amount you invest. The Leverage Shares -3x Short Coinbase (COIN) ETP has an annual management fee of 0.75% and is listed on the following exchanges: London Stock Exchange, Borsa Italiana. It is designed for short term trading and should be monitored daily.

ETP objective

To seek daily investment results, before fees and expenses, that correspond to -300% (-3x) the daily performance of the underlying stock (COIN).

Who is this product for?

Sophisticated investors and active traders seeking to express short-term bearish views or tactically hedge positions, via inverse exposure and without a margin account.

*However, these are complex products.

Value of Underlying Assets

$-2,730,865

or -14,857 shares of COIN

AUM

$910,303

or 100,386 shares of CO3S

Liabilities

$3,641,168

Listings & Tickers

Exchange Base Currency Trading Currency Exchange Code ISIN SEDOL BBG Ticker WKN Listing Date
London Stock Exchange USD USD CO3S XS3107206156 BNC1VM0 CO3S LN N/A 17 May 2023
London Stock Exchange USD GBP S3CO XS3107206156 BNC1VN1 S3CO LN N/A 17 May 2023
Borsa Italiana USD EUR S3CO XS3107206156 BNC1VP3 S3CO IM N/A 11 Oct 2023

Key Facts

Index Details

Index Name
iSTOXX Inverse Leveraged -3x COIN Index
Index Provider
STOXX Limited
Index Bloomberg Ticker
IX3ICOIN
Leverage Factor
-3x

Net Asset Value

NAV (as of 15 Oct 2026)
$9.07
Daily Return (% NAV change)
-18.95%
Daily Change (of NAV)
$-2.12

Structure

Structure
ETP
Domicile
Ireland
Replication Method
Physical
Dividends
Reinvested
Underlying Asset
COIN
Target Weights
Rebalance Frequency

Fees

Annual Management Fee
0.75%
Interest Paid On Cash Balances
Fed Funds Effective
(Overnight Rate) - 1%
Performance Fee
Stock Borrow Rate
1.28%

Key Services Providers

Issuer
Leverage Shares plc
Arranger
Leverage Shares Management Company Limited
Trustee
Apex Corporate Trustees (UK) Limited
Issuing and Paying Agent
U.S. Bank Europe DAC
Registrar
U.S. Bank Europe DAC
Portfolio Administrators
Flexinvest Limited
Stock Borrowing Provider and Custodian
Interactive Brokers LLC, Morgan Stanley & Co. LLC and/or Pershing LLC
Determination Agent
Calculation Agent Services LLC
Initial Authorised Participant
BNP Paribas Arbitrage S.N.C.,Virtu Financial Ireland Limited, Flow Traders and others
Sponsor
Fact Sheet
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Reportable Income UK Fund Reporting EMT Supplemental Trust Deeds
Notices
Latest Notice
18.09.2026 Batch Notification 11.09.2026 Notice Appointment of Authorised Participants 26.08.2026 Notification of New Series 21.07.2026 Batch Notification 19.06.2026 Notice to ETP Securityholders 03.06.2026 Notices of Investment Strategy Modifications 21.05.2026 Batch Notification 30.04.2026 Notification of New Series 24.03.2026 Notification of New Series 23.03.2026 Batch Notification 11.03.2026 Notices of Investment Strategy Modifications 16.02.2026 Notice of Intraday Rebalance 31.10.2025 Notice of Publication of Audited Financial Statements 06.08.2025 Updated to IB Margin Account Agreement 08.07.2025 Consolidation Notice 19.06.2025 Notice of Intraday Rebalance 12.06.2025 Notice of Adjourned Meeting 08.05.2025 Notice Appointment of Additional Authorised Participant 10.04.2025 Notice of Intraday Rebalance 16.01.2025 Notice to ETP Securityholders 14.11.2024 Notice of Intraday Rebalance 07.11.2024 Notice of Intraday Rebalance 02.10.2024 Notice of Amended & Restated Margin Account Agreement 29.07.2024 Notice of Appointment of Pershing as Additional Margin Load Provider 17.07.2024 Notice of Deed of Amendment and Restatement 12.07.2024 Notice of Adjourned Meeting 12.07.2024 Notice of Consolidation 25.06.2024 Notice of Adjourned Meeting 05.06.2024 Notice of Clerical Errors 31.05.2024 Notice of Original Meeting 28.03.2024 Notice of Clerical Errors 13.02.2024 Consolidation Notice 26.01.2024 Notice of Result of Adjourned Meeting 10.01.2024 Notice of Adjourned Meeting 12.12.2023 Notice of Split Meeting 02.11.2023 Notice of Late Filing of Audited Financial Report 19.10.2023 Notice to ETP Securityholders 20.09.2023 Notice of Migration to IB LLC 29.08.2023 Notice -3X COIN Intraday Rebalance 13.07.2023 Notice Of Intraday Rebalance 04.05.2023 Notice of Amended and Restated Conditions

Frequently Asked Questions about the -3x Short Coinbase (COIN) ETP

The Leverage Shares -3x Short Coinbase (COIN) ETP (ISIN XS3107206156) is an exchange traded product (ETP) that seeks to deliver minus three times (-3x) the daily performance of Coinbase Global, Inc. It is listed on the following exchanges: London Stock Exchange, Borsa Italiana.
The Leverage Shares -3x Short Coinbase (COIN) ETP has an annual management fee of 0.75%.
The Leverage Shares -3x Short Coinbase (COIN) ETP achieves its short exposure to Coinbase Global, Inc through short selling. It borrows securities and sells them at the current market price, and the proceeds of the sale are held in its margin account. Over a single day, its value is expected to rise when the underlying falls and to fall when the underlying rises, excluding fees and costs.
The Leverage Shares -3x Short Coinbase (COIN) is an exchange traded product, not an ETF. ETPs are structured as debt securities and lie outside the remit of UCITS. While not UCITS compliant, they may be UCITS eligible, meaning they are capable of being an eligible investment for another UCITS fund. It trades on exchange in the same way as a share.
The Leverage Shares -3x Short Coinbase (COIN) ETP is designed for short term trading. It rebalances daily to maintain its -3x exposure to Coinbase Global, Inc. Held for longer than one day, returns may differ from -3x the return of the underlying over that period, because of daily rebalancing and compounding.
Volatility decay is the effect of daily rebalancing and compounding on a leveraged product. When Coinbase Global, Inc moves up and down repeatedly, compounding erodes value, and the effect is stronger the higher the leverage and the longer the holding period. This means the Leverage Shares -3x Short Coinbase (COIN) ETP can lose value over time even if the underlying ends up flat.
An investor in the Leverage Shares -3x Short Coinbase (COIN) ETP cannot lose more than the amount they invest. You could lose the full value of your investment if Coinbase Global, Inc moves against the ETP by more than one-third (roughly 33%) in a single day. An intraday rebalance mechanism ("airbag") is designed to cushion the largest intra-day moves, triggering at 16.67%.
Yes. Alongside the Leverage Shares -3x Short Coinbase (COIN) ETP, the Leverage Shares 3x Long Coinbase (COIN) ETP (ISIN XS2399367254) provides 3x exposure to Coinbase Global, Inc.
The Leverage Shares -3x Short Coinbase (COIN) ETP does not pay dividends.
The Leverage Shares -3x Short Coinbase (COIN) ETP is designed for short term trading, not long-term investing. Investing in Short and Leveraged ETPs is only suitable for sophisticated traders who understand leverage, daily rebalancing and compounded daily returns. Only use these ETPs if you can monitor your positions daily.
The Leverage Shares -3x Short Coinbase (COIN) ETP is 100% backed with the underlying using a margin loan for long ETPs and with cash for short ETPs. Leverage Shares does not use derivatives, like swaps, to offer leveraged exposures.
Experienced investors may use the Leverage Shares -3x Short Coinbase (COIN) ETP for a variety of strategies. Some examples include responding to technical indicators, acting on earnings or news announcements, and hedging existing exposures in a portfolio. The recommended holding period is one day.
The Leverage Shares -3x Short Coinbase (COIN) ETP can be traded through brokerage accounts that have access to the exchanges where it is listed. It trades on the following exchanges, each with the ticker(s) to search on that exchange:
  • London Stock Exchange: CO3S (USD), S3CO (GBP)
  • Borsa Italiana: S3CO (EUR)
Investors do not need a margin account in order to trade Leverage Shares ETPs.