COIN - Coinbase Shares Tumble With Bitcoin: What's Going On With The Stock? | Benzinga
Coinbase Global, Inc. (NASDAQ:COIN) shares are trading lower Monday after the price of Bitcoin fell below $62,000.
The Details:
Bitcoin is down by nearly 5% over the past 24 hours, and Coinbase shares are moving lower as bitcoin retreats.
Investors are looking to the possible approval of a spot Ethereum (CRYPTO: ETH) ETF as the next potential cryptocurrency catalyst. Analysts are divided on the potential benefits of a spot Ethereum ETF. Some experts are predicting a drop in price following an ETF approval, while asset management firm VanEck projects that spot Ether ETFs could drive Ether to $22,000 by 2030.
Nate Geraci, president of The ETF Institute, predicted in a post on X that spot Ether ETFs ...