ETFs to Buy on Coinbase's Blowout Q4 Earnings

Core Insights - Coinbase Global (COIN) reported strong fourth-quarter 2024 results, exceeding earnings and revenue estimates, driven by increased trading volumes in Bitcoin and other digital tokens following the U.S. election [1][3] - The company achieved its highest quarterly revenues in three years, with earnings per share of $4.68, significantly above the Zacks Consensus Estimate of $1.94 [3] Financial Performance - Revenues surged 88% quarter-over-quarter and 138% year-over-year to $2.27 billion, surpassing the consensus estimate of $1.73 billion [3] - Trading volume increased 185% year-over-year to $439 billion, with retail trading volume up 224% and institutional trading rising 176% [4] - Total transaction revenues more than doubled from the previous year to $1.56 billion, while subscription and services revenues reached $641 million [4] Future Outlook - For the first quarter of 2025, Coinbase anticipates transaction revenues of approximately $750 million and subscription and services revenues between $685 million and $765 million [5] - The company is optimistic about future growth, viewing recent regulatory changes as a new era for cryptocurrency, and plans to enhance stablecoin adoption and expand its layer-2 network [6] Investment Opportunities - Investors are encouraged to consider ETFs with significant exposure to Coinbase, including First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT), Global X Blockchain ETF (BKCH), Fidelity Crypto Industry and Digital Payments ETF (FDIG), ARK 21Shares Blockchain and Digital Economy Innovation ETF (ARKD), and ARK Fintech Innovation ETF (ARKF) [2][7][9][12][15]