RETRANSMISSION: Universal Digital Inc. Files Preliminary Prospectus For 2X Crypto Equity Etfs
- Universal Digital and LongPoint enter into a partnership agreement to establish ETFs in Canada Universal Digital and LongPoint have filed a preliminary prospectus seeking to list 2X leveraged single stock ETFs on Coinbase and MicroStrategy
Vancouver, British Columbia--(Newsfile Corp. - May 23, 2025) - Universal Digital Inc. (CSE: LFG) (FSE: 8R20) (the " Company " or " Universal Digital ") is pleased to announce that it has entered into a partnership with LongPoint Asset Management Inc. (" LongPoint ") and filed a preliminary prospectus in connection with the proposed launch of two new leveraged exchange traded funds (the " ETFs "). The proposed LFG Daily (2X) COIN Long ETF (the " COIU ETF ") is designed to provide twice the daily performance of Coinbase Global Inc. (NASDAQ: COIN), and the proposed LFG Daily (2X) MSTR Long ETF (the " MSTU ETF ") is designed to provide twice the daily performance of MicroStrategy Inc. (NASDAQ: MSTR). Both ETFs are proposed to be listed and traded in Canadian dollars.
The proposed ETFs are structured as alternative mutual funds and LongPoint will apply for the conditional listing approval of the ETFs on the Toronto Stock Exchange (the " TSX "). The Company expects the COIU ETF to be listed under the ticker symbol "COIU" and the MSTU ETF to be listed under the ticker symbol "MSTU".
The Company and LongPoint entered into a partnership agreement on 21 May 2025 to establish, operate and market Universal Digital branded ETF products in Canada. The Company has co-developed the ETFs with LongPoint and will act as a promoter and brand partner for the ETFs. LongPoint will serve as the investment fund manager and portfolio manager for the ETFs, leveraging its experience in ETF structuring, compliance, and operations.
The Company expects that the ETFs will be the first of their kind available for investors to purchase on a Canadian stock exchange. There is currently in excess of US$3.6 billion in assets invested in 2X long MSTR targeted ETFs in the U.S.A, and almost US$850 million in assets invested in 2X long COIN targeted ETFs in the U.S.A.
"We are proud to partner with LongPoint, an innovative ETF manager with a strong compliance and operational foundation," said Tim Chan, Chief Executive Officer of Universal Digital. "Management of the Company believes these ETFs will offer Canadian investors unique access to amplified exposure of some of the most influential companies in the digital asset space and reflect our broader strategy to provide efficient investment vehicles that bridge traditional finance with Web3 innovation."
"LongPoint is thrilled to be working with Universal Digital, with their expertise in digital assets, to develop the LFG ETFs and bring these novel products to the Canadian market. We know Canadians are actively using similar U.S. listed ETFs to trade these exposures, and once listed, these ETFs will provide an important option to add value for active Canadian investors," said Steve Hawkins, CEO of LongPoint. "Working with Universal has also reinforced our belief regarding the benefits of our flexible ETF partnership platform, allowing our co-promoters to focus on their own areas of expertise while we oversee and administer the day-to-day operations of the ETFs."
The preliminary prospectus dated May 20, 2025, containing important information relating to the ETFs, has been filed with the securities commissions or similar authorities in each of the provinces and territories of Canada. A copy of the preliminary prospectus is available on . Prospective investors cannot buy shares of the ETFs until the relevant securities commissions or similar authorities issue receipts for the final prospectus of the ETFs and the ETFs begin trading on the TSX.
About Universal Digital Inc.
Universal Digital Inc. is a Canadian investment company focused on digital assets, businesses and private and publicly listed entities that are involved in high-growth industries, with a particular focus on blockchain, cryptocurrencies and cryptocurrency technologies. The Company aims to provide shareholders with long-term capital growth through a diversified investment approach, and to participate in the transformation of global finance through the integration of digital asset strategies.
About LongPoint Asset Management Inc.
LongPoint delivers innovative ETF solutions designed to enhance the Canadian investing journey. With over 70 years of combined expertise in the ETF market, its dedicated team leverages deep industry connections and local insights to design, build and launch exceptional ETFs tailored for Canadian investors.
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