Coinbase Soars 24% on S&P 500 Inclusion: What Lies Ahead for ETFs?
Coinbase's Stock Surge: Coinbase shares rose 24% on May 13, 2025, following the announcement of its inclusion in the S&P 500 Index, which typically boosts stock prices due to increased demand from passive funds and ETFs. The company reported a net income of $65.6 million, despite a significant drop from the previous year.
Market and Acquisition Developments: The broader cryptocurrency market is experiencing growth, with Bitcoin surpassing $100,000, positively impacting Coinbase's sentiment. Additionally, Coinbase announced a $2.9 billion acquisition of Deribit, a major crypto derivatives exchange, aimed at expanding its global presence, although analysts have recently cut earnings estimates for COIN shares.
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Coinbase Soars 24% on S&P 500 Inclusion: What Lies Ahead for ETFs?
Coinbase's Stock Surge: Coinbase shares rose 24% on May 13, 2025, following the announcement of its inclusion in the S&P 500 Index, which typically boosts stock prices due to increased demand from passive funds and ETFs. The company reported a net income of $65.6 million, despite a significant drop from the previous year.
Market and Acquisition Developments: The broader cryptocurrency market is experiencing growth, with Bitcoin surpassing $100,000, positively impacting Coinbase's sentiment. Additionally, Coinbase announced a $2.9 billion acquisition of Deribit, a major crypto derivatives exchange, aimed at expanding its global presence, although analysts have recently cut earnings estimates for COIN shares.
Coinbase Soars 24% on S&P 500 Inclusion: What Lies Ahead for ETFs?
Coinbase's Stock Surge: Coinbase shares rose 24% on May 13, 2025, following the announcement of its inclusion in the S&P 500 Index, which typically boosts stock prices due to increased demand from passive funds and ETFs. The company reported a net income of $65.6 million, despite a significant drop from the previous year.
Market and Acquisition Developments: The broader cryptocurrency market is experiencing growth, with Bitcoin surpassing $100,000, positively impacting Coinbase's sentiment. Additionally, Coinbase announced a $2.9 billion acquisition of Deribit, a major crypto derivatives exchange, aimed at expanding its global presence, although analysts have recently cut earnings estimates for COIN shares.
