- Business
- Leverage Shares 2x Long CRWV Daily ETF (CRWG) is an actively managed exchange-traded fund that seeks to deliver two times (200%) the daily performance of CoreWeave, Inc. (NASDAQ: CRWV) common stock, minus fees and expenses. The fund provides leveraged exposure to CRWV, a provider of GPU cloud services focused on AI infrastructure, through total return swaps with counterparties including Cantor, Clearstreet, and Marex, supplemented by holdings in U.S. Treasury obligations and cash equivalents; it features a total expense ratio of 0.75%, daily rebalancing, and trades on NASDAQ under the ticker CRWG. Launched on August 11, 2025, the ETF targets sophisticated active traders and is not suitable for long-term holding due to compounding effects and volatility decay risks.
Operated by Leverage Shares, a provider of single-stock leveraged and inverse ETPs and ETFs domiciled primarily in Europe with U.S. operations through Themes ETF Trust, the fund lists among a suite of similar products offering 2x, 3x, and inverse exposures to high-growth stocks in AI, fintech, and technology sectors. Leverage Shares, founded in 2019 and headquartered in Greenwich, Connecticut, with additional offices in Dublin, Ireland, and across Europe, maintains global listings on exchanges including NASDAQ, London Stock Exchange, Euronext, and Borsa Italiana. The company serves institutional and retail investors seeking amplified short-term market exposure without margin calls, physically backed where applicable in its broader ETP lineup.
Recent developments for the CRWG ETF include reaching a key milestone of $100 million in assets under management (AUM) as announced in December 2025, reflecting strong investor demand for leveraged AI infrastructure plays amid CoreWeave's growth. Leverage Shares launched CRWG on August 11, 2025, as part of an expansion into three new single-stock leveraged ETFs alongside those tracking Circle Internet Group (CRCG) and WeBull Corp (BULG), targeting high-volume names in AI, digital finance, and trading platforms. The firm has continued aggressive product growth in 2025, unveiling six additional 2x long daily ETFs on December 11 for stocks including Opendoor Technologies, Cipher Mining, and Duolingo, bringing its total U.S. single-stock leveraged ETF offerings to 49, alongside European launches of 19 new ETPs in September featuring first-ever 3x products on Robinhood, Hims & Hers, and UnitedHealth.