LongPoint to Rename COIU and MSTU 2X Crypto Stock ETFs May 19
LongPoint will rename SavvyLong (2X) COIN ETF (COIU) and SavvyLong (2X) MSTR ETF (MSTU) as of May 19 after assuming sole promoter status. Over 30 days, COIU averaged C$100,000 daily and MSTU C$1.7 million, part of LongPoint’s 46 ETFs holding C$380 million AUM.
1. Renaming Details
LongPoint will rename SavvyLong (2X) COIN ETF (COIU) and SavvyLong (2X) MSTR ETF (MSTU) to reflect its role as sole promoter, effective May 19 on the Toronto Stock Exchange.
2. Trading Volumes
Over the 30 days ending April 30, COIU averaged C$100,000 in daily traded value and MSTU tracked C$1.7 million, indicating growing investor interest in leveraged crypto equity exposure.
3. ETF Strategy and Company Overview
Both ETFs target twice the daily return of Coinbase Global and MicroStrategy Class A stocks, unhedged against US dollar movements, and are part of LongPoint’s 46 Canadian-listed ETFs managing C$380 million across diverse strategies.