From Nasdaq, Inc.:

Coinbase Global reported a strong fourth-quarter 2023 earnings, posting its first profit in two years. Its shares surged 15% in after-market hours. Investors can tap the opportune moment by investing in ETFs with heavy exposure to this U.S. cryptocurrency exchange. Coinbase’s earnings per share were $1.04, beating the Zacks Consensus Estimate of a loss of 9 cents. Revenues climbed 51% year over year to $953.8 million. Trading volume jumped to $154 billion from $76 billion in the previous quarter and $145 billion in the year-ago quarter. Total transaction revenues surged 83% from the third quarter to $529 million. Transaction revenues jumped to $492.5 million from the third quarter, whereas institutional transaction revenues more than doubled quarter over quarter to $36.7 million. The cryptocurrency exchange expects first-quarter subscription and services revenues of $410-$480 million. It further expects to “generate meaningful” positive adjusted EBITDA for 2024. Invest in ETFs with heavy exposure to Coinbase Global. The First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) provides exposure to companies that are driving cryptocurrency, crypto assets and digital economies-related innovation. It holds 30 stocks in its basket, with Coinbase occupying the second position at 18.8% share. The Fidelity Crypto Industry and Digital Payments ETF (FDIG) offers exposure to companies engaged in activities related to cryptocurrency, related blockchain technology, and digital payments processing. It tracks the Fidelity Crypto Industry and Digital Payments Index and holds 44 stocks in its basket. Coinbase takes the top spot with a 15% share. Buy into ETFs like ARK 21Shares Blockchain and Digital Economy Innovation ETF (ARKD), Global X Blockchain ETF (BKCH), and ARK Fintech Innovation ETF (ARKF) that provide exposure to companies positioned to benefit from the increased adoption of blockchain technology. ARK Fintech Innovation ETF is an actively managed fund that holds 31 stocks, with COIN occupying the top position at 12.3% of the assets. Invest now to tap into the growth potential of the blockchain industry.



Read more: Coinbase Surges on Blockbuster Q4 Earnings: ETFs to Buy