The Fidelity Crypto Industry and Digital Payments ETF is heavily correlated with Bitcoin and primarily invests in crypto-related stocks, including Coinbase and Bitcoin miners. Despite a bullish outlook on Bitcoin, I have concerns about FDIG's heavy exposure to Coinbase, which I currently don't favor. FDIG's price relative to Bitcoin is down 33% since July, making it cheap relative to Bitcoin, b...
Bitcoin's post-election surge lifted related stocks, including Coinbase (COIN); YieldMax COIN Option Income Strategy ETF (CONY) offers a unique way to gain exposure to Coinbase. CONY generates monthly income by selling options on Coinbase stock, capping upside but cushioning downside, making it a strategic alternative to owning COIN shares. Despite Coinbase's volatility and high expense ratio, ...
Coinbase stock price has retreated for three consecutive weeks as Bitcoin and other altcoins have suffered a harsh reversal. After peaking at $350 earlier this month, the stock has plunged by almost 25%, moving to a bear market.
Bitcoin (BTC) is falling today, pressuring the rest of the crypto sector despite MicroStrategy Inc's (NSADAQ:MSTR) latest plan to increase its Bitcoin holdings.
Coinbase (COIN 4.28%) was founded in June 2012 with the sole purpose of facilitating the buying and selling of Bitcoin . But over the next 12 years, the digital asset brokerage and exchange operator has expanded into a broader business by offering more services.
After a massive rally over the past quarter, shares of MicroStrategy Inc. NASDAQ: MSTR started to face some controversy regarding the underlying business model and methods of this technology stock accumulating Bitcoin on their balance sheet through shareholder dilution. However, that pressure quickly subsided after a recent announcement that could boost the company higher.
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