# Leverage Shares 3x Long Coinbase ETP (3CON)

**Page:** https://fundology.uk/fund/3con · ISIN XS2399367254

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, 3CON (Leverage Shares 3x Long Coinbase ETP, ISIN XS2399367254) closed at £0.0492 on the London Stock Exchange. Its ongoing charge is 4.78% a year (about £478 on £10,000). Over the three years to 13/11/2026 its total return was −99.3%, or −99.4% after UK CPIH inflation.

## Summary

Leverage Shares 3x Long Coinbase ETP is an exchange-traded product from Leverage Shares, launched in 2021. It aims to deliver a multiple, or the opposite, of one day’s move in what it tracks. The multiple resets daily, so over longer periods its return can differ a lot from the multiple of the index return. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 4.78% a year — about £478 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

> **Leveraged & inverse:** Built for short-term trading. Because the multiple resets every day, losses can build up quickly when held for longer, even if the index ends up where it started.

Latest close: **£0.0492** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 3CON |
| ISIN | XS2399367254 |
| Also listed as | 3CNE (London Stock Exchange, euros), CON3 (London Stock Exchange, US dollars), 3COI (Xetra, euros) |
| Category | Leveraged & inverse |
| Type | ETN / ETP |
| Provider | Leverage Shares |
| Tracks | iSTOXX Leveraged 3X COIN - Benchmark TR Net |
| Income | Accumulating |
| Ongoing charge | 4.78% a year (£478 per £10,000) |
| Fund size | £9.6m |
| Launched | 2021 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 13/12/2021 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | -98.57% | -98.62% | price only |
| 3 years | -99.28% | -99.35% | income reinvested |

Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Leverage Shares 3x Long Coinbase ETP in pounds (price, with income reinvested in the fund): 2024 −74.4%, 2025 −89.7%; 2026 to 13/11/2026 −96.7%. Returns of Leverage Shares 3x Long Coinbase ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −97.7%; to 30/09/2025: −20.8%; to 30/09/2024: +105.2%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2024 | -74.4% | -75.2% | Price |
| 2025 | -89.7% | -90.0% | Price |
| 2026 to 13/11/2026 | -96.7% | -96.8% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 197.37% | -98.57% |
| 3 years | 250.38% | -99.95% |

## Largest fall

Volatility of Leverage Shares 3x Long Coinbase ETP in pounds, annualised from weekly returns to 13/11/2026: 197.4% over 1 year, 250.4% over 3 years. Largest fall in the price of Leverage Shares 3x Long Coinbase ETP since February 2023, in pounds: −99.9% from 29/03/2024 to 13/11/2026. The lowest 12-month return of Leverage Shares 3x Long Coinbase ETP in pounds (price, with income reinvested in the fund) since February 2023 was −99.1% (12 months to 17/07/2026); the highest was +1761.2% (12 months to 07/06/2024). On 13/11/2026 the price of Leverage Shares 3x Long Coinbase ETP was 99.9% below its highest weekly close since February 2023 (29/03/2024), in pounds.

## Charges compared with similar funds

Ongoing charge of Leverage Shares 3x Long Coinbase ETP 4.78% a year. Compared on 14/11/2026, 4 of the 210 other leveraged and inverse products charge more, 17 the same and 189 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **4.78%** per year (as of 15/10/2026)
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## Questions people ask

**What is the ongoing charge of 3CON?**

The ongoing charge of 3CON is 4.78% a year — about £478 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Leverage Shares 3x Long Coinbase ETP 4.78% a year. Compared on 14/11/2026, 4 of the 210 other leveraged and inverse products charge more, 17 the same and 189 less (share classes counted once).

**What does 3CON track?**

3CON tracks the iSTOXX Leveraged 3X COIN.

**Is 3CON accumulating or distributing?**

3CON is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of 3CON?**

The ISIN of 3CON is XS2399367254. An ISIN identifies one exact share class of a fund; 3CON is its ticker on the London Stock Exchange. The same share class is also listed as 3CNE (London Stock Exchange, euros), CON3 (London Stock Exchange, US dollars) and 3COI (Xetra, euros).

**What were 3CON’s returns in each of the last five years?**

Calendar-year returns of 3CON in pounds (price, with income reinvested in the fund): 2024 −74.4%, 2025 −89.7%; 2026 to 13/11/2026 −96.7%. Past performance is not a guide to future returns.

**How has 3CON done after inflation?**

Over the three years to 13/11/2026 3CON’s total return was −99.3%, or −99.4% after UK CPIH inflation. Past performance is not a guide to future returns.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.