Leverage Shares 2X Long CIFR Daily ETF (CIFG) is an actively managed exchange-traded fund that seeks to deliver two times (200%) the daily percentage change in the price of Cipher Mining Inc. (CIFR) common stock, before fees and expenses. The fund invests at least 80% of its net assets, plus borrowings for investment purposes, in the underlying security and financial instruments including swaps that provide leveraged exposure; its holdings typically comprise total return swaps on CIFR stock, cash equivalents such as the First American Treasury Obligations Fund, and offsetting cash positions to achieve the daily reset objective. Launched on December 11, 2025, and listed on the NASDAQ exchange under ticker CIFG with CUSIP 88340F837, the ETF features a total expense ratio of 0.75%, 25,000 shares outstanding, and daily rebalancing, targeting sophisticated active traders comfortable with elevated volatility, compounding effects, and potential full principal loss if CIFR declines over 50% in a single day.
Operated by Leverage Shares, a provider of single-stock leveraged exchange-traded products founded in 2017 and headquartered in Greenwich, Connecticut, the CIFG ETF trades like a stock without margin call risks and offers exposure to the software sector via CIFR, a U.S.-based bitcoin mining company. The firm, through its Leverage Shares by Themes division, maintains a broad suite of 2x long, inverse, and other leveraged ETPs listed on major exchanges including NASDAQ, London Stock Exchange, Euronext, and Borsa Italiana, serving investors seeking amplified short-term performance on individual equities.
In December 2025, Leverage Shares expanded its single-stock leveraged ETF offerings with the launch of CIFG alongside five others—OPEG (2x Long OPEN), GRAG (2x Long GRAB), DUOL (2x Long DUOL), LACG (2x Long LAC), and UPSG (2x Long UPS)—as part of a strategic growth initiative to provide efficient 200% daily exposure tools at competitive 0.75% fees. This launch underscores the company's focus on thematic and leveraged products for U.S. markets, building on its European leadership in physically replicated ETPs and recent U.S. innovations under Themes ETF Trust. As of mid-December 2025, CIFG maintains a net asset value around $9.47, with a 30-day median bid/ask spread of 0.60% and four primary holdings dominated by CIFR swaps.