Zacks Investment Ideas feature highlights: iShares Bitcoin Trust ETF, Fidelity Wise Origin Bitcoin ETF, ARK 21 Shares Bitcoin ETF, MicroStrategy and Coinbase Global

Zacks12-04

For Immediate Release Chicago, IL – December 4, 2024 – Today, Zacks Investment Ideas feature highlights iShares Bitcoin Trust ETF IBIT, Fidelity Wise Origin Bitcoin ETF FBTC, ARK 21 Shares Bitcoin ETF...

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Coinbase benefits from global crypto adoption with its widespread sweet of unique crypto offerings.A significant roadblock in the crypto industry has been converting fiat currency into crypto seamlessly. Monday, Coinbase announced an initiative to smoothen the process. The Coinbase website wrote, “Today, we’re excited to announce the launch of ApplePay for all fiat-to-crypto purchases via Coinbase Onramp, the easiest tool to build onramps into your existing products.”Thus far, the performance and flows into Bitcoin ETFs such as the iShares Bitcoin Trust ETF, Fidelity Wise Origin Bitcoin ETF and ARK 21 Shares Bitcoin ETF have been unprecedented. The ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4596":"哈里斯概念","IBIT":"iShares Bitcoin Trust","BRRR":"Valkyrie Bitcoin Fund","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4600":"加密货币概念","COIN":"Coinbase Global, Inc.","BK4112":"金融交易所和数据","DEFI":"Hashdex Bitcoin ETF","BK4601":"加密货币现货ETF","BTCO":"Invesco Galaxy Bitcoin ETF","BK4539":"次新股","BTCW":"WisdomTree Bitcoin Fund","BK4516":"特朗普概念","MSTR":"MicroStrategy","BK4023":"应用软件","BK4554":"元宇宙及AR概念","BITB":"Bitwise Bitcoin ETF","EZBC":"Franklin Bitcoin ETF","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4585":"ETF&股票定投概念","BK4594":"比特币ETF概念","FDN":"First Trust Dow Jones Internet I","BK4595":"比特币概念","BITO":"ProShares Bitcoin ETF","BK4535":"淡马锡持仓","HODL":"VanEck Bitcoin Trust ETF","GBTC":"Grayscale Bitcoin Trust","BK4550":"红杉资本持仓","ARKK":"ARK Innovation ETF","BK4588":"碎股","BK4551":"寇图资本持仓","FBTC":"Fidelity Wise Origin Bitcoin Fund"},"translate_title":"Zacks Investment Ideas特色亮点：iShares比特币信托ETF、Fidelity Wise Origin比特币ETF、ARK 21 Shares比特币ETF、MicroStrategy和Coinbase Global","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BITB":1,"MSTR":1,"IBIT":1,"HODL":1,"GBTC":1,"FDN":1,"FBTC":1,"EZBC":1,"DEFI":1,"COIN":1,"BTCW":1,"BTCO":1,"BRRR":1,"ARKK":1,"BITO":1},"content_text":"For Immediate Release\nChicago, IL – December 4, 2024 – Today, Zacks Investment Ideas feature highlights iShares Bitcoin Trust ETF IBIT, Fidelity Wise Origin Bitcoin ETF FBTC, ARK 21 Shares Bitcoin ETF ARKB, MicroStrategy MSTR and Coinbase Global COIN.\nCoinbase (COIN): A Crypto Powerhouse\nZacks Rank #2 (Buy) stock Coinbase Global operates the largest crypto exchange in the United States by trading volume. Coinbase benefits from global crypto adoption with its widespread sweet of unique crypto offerings.\nAfter COIN debuted during the “crypto winter” of 2021, shares suffered amid falling crypto prices and the demise of its largest competitor, FTX. However, the company’s shares and fundamentals are rebounding rapidly amid widespread global crypto adoption, innovations, and a robust balance sheet. Below are some reasons why the momentum in Coinbase will continue.\nCoinbase Inks Apple Pay Partnership\nA significant roadblock in the crypto industry has been converting fiat currency into crypto seamlessly. Monday, Coinbase announced an initiative to smoothen the process. The Coinbase website wrote, “Today, we’re excited to announce the launch of ApplePay for all fiat-to-crypto purchases via Coinbase Onramp, the easiest tool to build onramps into your existing products.”\nEarlier this year, Coinbase also announced a strategic partnership with payment giant Stripe to “expand global adoption.” The Stripe and Apple deals represent a landmark moment for Coinbase, which appears to be the de facto choice for legacy payment giants. These deals put COIN in the poll position to take advantage of further global crypto adoptions.\nSEC Changes Benefit Coinbase\nCoinbase arguably benefits from the Donald Trump presidential victory more than any other stock on Wall Street. President-elect Trump announced during his campaign that he plans to fire Securities and Exchange head Gary Gensler on day one. Gensler has been enemy number one of COIN because he has failed to provide regulatory clarity to Coinbase on whether certain assets should be treated as securities or commodities.\nAlt Coins Soar Amid Regulatory Clarity\nThough Trump has yet to step foot back in the White House, investors are bidding up “alt coins” with vengeance in an effort to discount the future. For instance, Ripple, a crypto locked in legal battles for years, is up more than 300% since the election.\nThe robust price action and flurry of volume are major catalysts for Coinbase which charges hefty commissions, ranging between 0.5% to 4.5% depending on the coin.\nMass Crypto ETF Adoption\nThus far, the performance and flows into Bitcoin ETFs such as the iShares Bitcoin Trust ETF, Fidelity Wise Origin Bitcoin ETF and ARK 21 Shares Bitcoin ETF have been unprecedented. The company stands to benefit Because Coinbase acts as the custody servicer for most crypto ETFs. Meanwhile, COIN may benefit further as public companies look to mirror MicroStrategy’s wildly successful “Bitcoin Standard.”\nBull Flag Pattern & Bullish Call Flow\nAfter breaking out on election day, COIN shares are coiling in a picture-perfect bull flag pattern. Meanwhile, heavy-handed, long-term-focused call option buyers continue to enter the market, providing conviction to the current chart pattern.\nCOIN Sports Strong Balance Sheet\nCoinbase boasts a sparkling balance sheet and a growing cash hoard despite the crypto industry’s “Wild West” reputation.\nBottom Line\nCoinbase is the true market leader in the crypto industry. The stock should benefit from global crypto adoption, strategic partnerships, and a strong balance sheet.\nWhy Haven't You Looked at Zacks' Top Stocks?\nSince 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.\nToday you can access their live picks without cost or obligation.\nSee Stocks Free >>\nMedia Contact\nZacks Investment Research\n800-767-3771 ext. 9339\nsupport@zacks.com\nhttps://www.zacks.com\nPast performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nMicroStrategy Incorporated (MSTR) : Free Stock Analysis Report\nCoinbase Global, Inc. (COIN) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2488169411"}