From Nasdaq: 2024-05-03 11:05:00

Coinbase Global (COIN) reported strong Q1 earnings, beating estimates on earnings and revenue. Shares dropped 4% after-hours despite stellar results. ETFs with exposure to COIN in focus include CRPT, BKCH, FDIG, ARKD, and ARKF. Coinbase’s EPS was $4.40, up from a loss in the year-ago quarter. Revenues surged 72% QoQ to $1.64 billion.

Trading volume doubled to $312 billion from the previous quarter. Total transaction revenues soared 104% to $1.07 billion. Consumer transaction revenues nearly doubled to $935 million. Institutions saw transaction revenues grow 113% to $85 million. Revenues from subscriptions and services rose 36% to $510.9 million.

ETFs like CRPT, BKCH, FDIG, ARKD, and ARKF are in focus due to their holdings in Coinbase. CRPT holds 30 stocks with COIN as the top position at 22.5%. BKCH tracks the Solactive Blockchain Index with 25 stocks, including Coinbase at 21.9%. FDIG has 47 stocks with COIN at 15.8% and ARKD has 11 stocks with COIN at 17%.

ARKF is an actively managed ETF focusing on Fintech innovation, with COIN as the top holding at 10.8%. ARKF charges 75 bps in fees, trades 474,000 shares daily, and has managed assets worth $971 million. These ETFs provide exposure to companies driving cryptocurrency, blockchain, and digital payments innovation.

Read more at Nasdaq: Coinbase Falls Despite Q1 Earnings Beat: ETFs in Focus