CSOP Coinbase Daily (2x) Leveraged Product (07711.HK) Rises 7.96% Intraday as Coinbase Opens More Tokens to New York Residents

NewTimeSpace News: As of 11:18 on October 12, the CSOP Coinbase Daily (2x) Leveraged Product (07711.HK) rose 7.96% to a latest price of HK$23.860. The product has traded 36,000 units so far today for a turnover of HK$855,501 at an average price of HK$23.764, with a turnover rate of 2.64%. It is up 7.96% so far this week. Its current net asset value per unit is HK$23.03, and its assets under management stand at US$3.996 million (about HK$31.29 million).

(Note on scope: the net asset value per unit and assets under management are as of October 9, 2026; the week-to-date change is measured against the closing price of HK$22.100 on October 9. The product has the US dollar as its base currency and trades in Hong Kong dollars; assets under management are derived from the roughly 1.36 million units in issue and the net asset value above.)

On the news front, Coinbase has widened the regulated reach of its token trading. TokenPost reported on October 10 that Coinbase has opened trading support for a number of tokens, including Raydium (RAY), to residents of New York State; New York has historically imposed stricter regulatory requirements on digital asset trading, and the move is seen as progress in broadening the exchange's compliant distribution channels.

CSOP Coinbase Daily (2x) Leveraged Product (07711.HK) is a two-times leveraged product under the CSOP Leveraged and Inverse Series. Its investment objective is to provide investment results that, before fees and expenses, closely correspond to twice (2x) the daily performance of the common stock of Coinbase Global, Inc. (NASDAQ: COIN); it is limited to daily performance and is not designed to be held for more than one day. The product uses a swap-based synthetic simulation strategy and rebalances its holdings daily at or near the close of Nasdaq; its net derivative exposure does not exceed 202% of its net asset value.

TD Cowen believes it has raised its bitcoin price forecast to US$109,000; it also cautions that listed companies continuously adding bitcoin through share issuance will dilute the bitcoin exposure per share, a factor that needs to be considered in valuation.