Universal (US:UVV) Newsfileยท2025-05-23 13:56Core Viewpoint - Universal Digital Inc. has partnered with LongPoint Asset Management to launch two new leveraged exchange-traded funds (ETFs) focused on Coinbase and MicroStrategy, aiming to provide Canadian investors with unique access to amplified exposure in the digital asset space [2][4][6]. Company Overview - Universal Digital Inc. is a Canadian investment company that focuses on digital assets and aims to provide long-term capital growth through a diversified investment approach, particularly in blockchain and cryptocurrencies [9]. - LongPoint Asset Management has over 70 years of combined expertise in the ETF market and aims to enhance the Canadian investing journey through innovative ETF solutions [10]. ETF Details - The proposed ETFs are the LFG Daily (2X) COIN Long ETF (COIU ETF) and the LFG Daily (2X) MSTR Long ETF (MSTU ETF), designed to provide twice the daily performance of Coinbase and MicroStrategy, respectively [2][3]. - The ETFs will be structured as alternative mutual funds and are expected to be the first of their kind available on a Canadian stock exchange [5][6]. - The ETFs will be listed and traded in Canadian dollars, with the COIU ETF expected to be listed under the ticker symbol "COIU" and the MSTU ETF under "MSTU" [3][5]. Market Context - There is currently over US$3.6 billion in assets invested in 2X long MSTR targeted ETFs and nearly US$850 million in 2X long COIN targeted ETFs in the U.S., indicating a significant market demand for such products [5].