Key PointsBitcoin-related stocks Coinbase, MicroStrategy, Marathon Digital and Riot Platforms traded lower as new spot Bitcoin ETFs went live.Large-cap Coinbase acts as the custodian for Grayscale's Bitcoin ETF, although regulatory and legal challenges persist.Bitcoin miners Marathon Digital and Riot Platforms have been showing volatile trade recently, reflecting investor indecision about valuation.5 stocks we like better than Coinbase GlobalAre Bitcoin-related stocks like Coinbase Global Inc. NASDAQ: COIN, ...

MIAMI, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. ((Nasdaq, TSX:HUT) ("Hut 8" or the "Company"), one of North America's largest, innovation-focused digital asset mining pioneers, and high performance computing infrastructure provider, announced today that, together with its subsidiary, Hut 8 Mining Corp. (the "Borrower"), it has entered into an amendment and restatement of its credit facility (the "Credit Facility") with a subsidiary of Coinbase Global, Inc. (NASDAQ:COIN) ("Coinbase"), as lender, in conn ...

Coinbase Global stock, like cryptocurrencies themselves, saw volatile trading on Thursday after the Securities and Exchange Commission approved the first spot Bitcoin exchange-traded funds. Wall Street is divided on what the milestone move means for the crypto broker. ...

It's official: Bitcoin (BTC) exchange-traded funds (ETFs) are now here. Both Grayscale Bitcoin Trust (GBTC) and iShares Bitcoin Trust (IBIT) are seeing strong activity on their first day of trading, and drawing attention to crypto-adjacent stocks. Though Coinbase Global Inc (NASDAQ:COIN), MicroStrategy Inc (NASDAQ:MSTR), and also Riot Platforms Inc (NASDAQ:RIOT) initially advanced after this market debut, they have since pivoted lower, succumbing to broad market pressure. COIN Tests Supportive TrendlineCOIN ...

Shares of Coinbase Global Inc. rallied Thursday after the much-anticipated regulatory approval of the spot bitcoin ETFs, but some analysts warn investors that the approval is actually bad news for the cryptocurrency exchange.“We think the approval of the bitcoin ETFs are potentially a lose/lose situation for Coinbase as we see a bitcoin ETF, if particularly successful, as a competitor to Coinbase,” J.P. Morgan analyst Kenneth Worthington wrote in a note to clients.Don’t miss: Bitcoin ETFs finally approved a ...

Key TakeawaysCoinbase's share price has broken below a short-term uptrend line in early January, despite Bitcoin making new highs.Paramount Global shares find a confluence of support from the 50-day moving average and a multi-month downtrend line.Shares of iRobot remain entrenched within a long-term downtrend, potentially about to retest the November swing low.Here's our daily look at three charts linked to recent news-driven price moves, with important technical levels to monitor. Coinbase Global, Inc. ...

In this articleCOINBrian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023.Michael Nagle | Bloomberg | Getty ImagesNow that the SEC has approved the creation of bitcoin exchange-traded funds, Coinbase's position in the crypto market is poised to take a dramatic turn.In the weeks ahead, Coinbase will help shepherd some of the biggest names in asset management, including BlackRock, Franklin Templeton, and WisdomTree, i ...

The Global X FinTech ETF (NASDAQ:FINX) is up by more than 20% year over year (YOY) for good reason. Although financial technology stocks are procyclical, the industry possesses embedded secular growth. As such, fintech stocks are likely to outperform the market in most years. According to Fortune Business Insights, the fintech arena may proliferate at a compound annual growth rate of 17% until 2030. Sure, data vendor predictions aren’t uniform. But the general consensus is that fintech will outpace GDP grow ...

Fintech stocks have endured quite the fall in recent years. Unlike most tech sectors, many of the market’s most innovative fintech stocks remain down and out, barely participating in last year’s tech-focused market recovery. Indeed, it’s not hard to imagine that many investors have moved on from the companies with high hopes of disrupting the status quo in finance and banking toward “hotter” trends, like generative artificial intelligence.At their peak, fintech stocks were wildly overvalued, given the poten ...

Cathie Wood and the Ark Invest team are making some major moves with their largest holdings.Ark's biggest position in its flagship Ark Innovation ETF (ARKK -0.02%) -- as well as across its entire portfolio of active ETFs -- is Coinbase Global (COIN -1.04%). That's the result of a phenomenal run in the stock tied closely to Bitcoin's performance. Shares increased 391% last year, primarily in the second half.But Ark has been systematically selling off shares of Coinbase since last summer as the stock price ha ...