From Nasdaq: 2024-05-29 06:00:00

Coinbase (NASDAQ: COIN) stock received a boost with the approval of Ethereum (CRYPTO: ETH) ETFs. This move expands Coinbase’s role as a custodian for ETFs and signals increased acceptance of cryptocurrency financial products. Travis Hoium explains why this development is positive for Coinbase.

Stock Advisor analysts did not include Coinbase Global in their list of 10 best stocks to buy now. Historically, their picks have generated significant returns, such as Nvidia yielding $652,342 from a $1,000 investment. Stock Advisor offers guidance, portfolio building tips, and two new stock picks monthly, outperforming the S&P 500 since 2002.

While Travis Hoium holds positions in Coinbase Global, Ethereum, and Solana, The Motley Fool also endorses Avalanche, Bitcoin, Ethereum, and Solana. The disclosure policy emphasizes transparency. Travis Hoium collaborates with The Motley Fool and may receive compensation for promoting their services. Subscription through their affiliate link supports his channel without impacting his impartial views.

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