LongPoint Renames Two Leveraged ETFs Tied to Coinbase and MicroStrategy
LongPoint filed to rename two of its leveraged exchange-traded funds on May 16, changing the names of the COIU and MSTU products that track daily leveraged returns on Coinbase (COIN) and MicroStrategy (MSTR) respectively. The rename affects only the fund titles, not the underlying strategies or ticker symbols, according to the release filed with Newsfilecorp.
Neither fund changes its investment objective as part of the update.
What the Funds Do
The COIU product seeks daily leveraged investment results based on the performance of Coinbase Global Inc. Class A common stock.
COIU does not hedge its currency exposure to the U.S. dollar, meaning international holders absorb foreign exchange movement alongside the underlying equity swing. The MSTU fund targets daily leveraged results tied to MicroStrategy (MSTR), the business intelligence company that holds Bitcoin (BTC) as its primary treasury asset and has accumulated more than 550,000 BTC since August 2020.
Leveraged ETFs reset their exposure daily, which means returns compound over multiple sessions and can diverge substantially from the underlying asset’s longer-term performance.
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Background
Leveraged ETFs tied to cryptocurrency-adjacent equities grew rapidly through 2024 and 2025 as retail traders sought amplified exposure to bitcoin price movements through regulated brokerage accounts. Coinbase, as the largest U.S. cryptocurrency exchange by reported volume, and MicroStrategy, whose stock price correlates closely with BTC, became two of the most heavily traded underlyings for this product category.
Several issuers filed competing leveraged and inverse products on both names, creating a crowded space where fund names, not ticker symbols, carry the primary differentiation. LongPoint’s rename fits this pattern: distinguishing its products verbally while keeping the COIU and MSTU tickers that traders already recognize.
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What to Watch
Fund renames without strategy changes are administrative events.
The market impact depends on whether the new names improve distribution, clarity, or SEO discoverability for the products. Coinbase stock has declined in 2026 alongside broader cryptocurrency price weakness, and leveraged products on COIN amplify those losses for holders.
MicroStrategy’s stock correlation to bitcoin means any sustained BTC recovery above $80,000 would likely lift MSTU demand. Traders in both funds should verify that custodian records, brokerage platforms, and tax documents reflect the updated fund names after the filing takes effect.
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