From Nasdaq

February 14, 2025 11:30:00 AM:

Coinbase Global reported strong Q4 2024 results, exceeding earnings and revenue estimates due to increased trading volumes in Bitcoin and other digital tokens post-U.S. election. The largest U.S. crypto exchange saw its highest quarterly revenues in three years. Shares rose 2% in after-hours trading post-results. Trading volume surged 185% YoY to $439 billion, with retail trades driving the increase. Consumer trading volume soared 224%, while institutional trading rose 176%. Total transaction revenues doubled YoY to $1.56 billion, while subscription and services revenues climbed to $641 million. In Q1 2025, Coinbase expects transaction revenues of around $750 million through Feb. 11, with subscription and services revenues estimated between $685 million and $765 million. The company is optimistic about growth, citing regulatory changes as the “dawn of a new era for crypto.” Plans include boosting stablecoin adoption, expanding crypto payments, and growing its layer-2 network Base.

Investors looking to capitalize on Coinbase’s robust performance may consider ETFs with significant exposure to the crypto exchange. Some options include 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). These ETFs offer varying levels of exposure to Coinbase and the broader crypto industry, providing investors with opportunities to benefit from the sector’s growth. Consider looking into these ETFs for potential investment opportunities.

First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) is designed to provide exposure to companies driving cryptocurrency and digital economy innovation. The ETF holds 28 stocks, with Coinbase occupying the second position at an 18% share. It charges 85 bps in fees per year, with $101.4 million in assets and an average daily volume of 101,000 shares. Global X Blockchain ETF (BKCH) seeks to invest in companies benefiting from blockchain technology adoption. The ETF follows the Solactive Blockchain Index, holding 25 stocks with Coinbase as the top firm at 15% of assets. It has $183.7 million in assets and trades an average daily volume of 71,000 shares. Fidelity Crypto Industry and Digital Payments ETF (FDIG) offers exposure to companies involved in cryptocurrency, blockchain, and digital payments processing. The ETF tracks the Fidelity Crypto Industry and Digital Payments Index, holding 54 stocks with Coinbase as the top holding at 12.9%. It has $184 million in assets and an average daily volume of 102,000 shares. ARK 21Shares Blockchain and Digital Economy Innovation ETF (ARKD) is an actively managed ETF providing exposure to digital asset futures and public equities in the blockchain industry. The ETF holds 11 stocks, with Coinbase as the third-largest holding at 13.6%. ARK 21Shares Blockchain and Digital Economy Innovation ETF charges 90 bps in fees per year and has $4.8 million in assets. ARK Fintech Innovation ETF (ARKF) is an actively managed fund investing in companies driving fintech innovation. The ETF holds 37 stocks, with Coinbase as the second-largest holding at 9%. ARK Fintech Innovation ETF charges 75 bps in fees per year and has assets worth $1.1 billion. Investors interested in the crypto industry and Coinbase’s growth trajectory may find these ETFs appealing for potential investment opportunities. By diversifying across different ETFs, investors can gain exposure to various aspects of the crypto and blockchain sectors while mitigating risk. Stay informed about the latest news and analysis in the ETF space by signing up for Zacks’ free Fund Newsletter. Receive updates on top-performing ETFs, market news, and more each week to stay ahead of the curve.

Read more at Nasdaq: ETFs to Buy on Coinbase’s Blowout Q4 Earnings