A NOTE FROM BOB
The pending Coinbase IPO, scheduled for April 14th as a direct listing on the Nasdaq under the symbol COIN, is getting the ETF community excited. Very excited. Cryptoassets have had the same problem that other hot commodities (like pot) have had in the past: a high degree of interest with a notable lack of investible assets.
Coinbase, however, will be the largest cryptoasset ever listed, by far. Exactly how big it is will only be clear after the direct listing begins trading, but the ETF community is already calling this a "game changer." Depending on the success of the listing, the universe of cryptoassets, and ETFs that cover the space, will likely expand greatly.
We run down what's at stake for the ETF business, and who the next likely contenders will be. Matt Hougan, Chief Investment Officer of Bitwise Asset Management, and Christian Magoon, who runs the Amplify Transformational Data Sharing ETF (BLOK), an actively managed portfolio focusing on blockchain technology, will be our guests on ETF Edge and on Halftime Report at 12:35 PM.
That was an amazing quarter. It wasn't just trading volume that soared in the first quarter. U.S. ETF inflows set a new record as well.
Dude, pass me that ETF. With all the hullabaloo around Cathie Wood, you'd think her ETFs would be the big outperformer in the first quarter, but no. It was pot stocks.
Not that anyone is crying for Cathie Wood. Her ARK Space Exploration ETF (ARKX) is just raking in money. Nearly $600 billion market cap! In eight trading days. Never mind the choice of some of the stocks is a bit, well, odd. Deere? For more analysis and actionable insights, catch me live on Mondays at 1 PM ET on ETF Edge. |
KEY STORIES
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| Why Occidental Petroleum, Norwegian Cruise, United Airlines are in the BUZZ social sentiment ETF: Founder | |||||
| Social media activity shows investors shifting away from high-growth tech and into more industrial, value-oriented plays, Buzz Indexes founder Jamie Wise says. | |||||
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| Bitcoin ETF coming 'in a year or two,' analyst says as SEC mulls applications | |||||
| If the Securities and Exchange Commission approves one bitcoin ETF, it will likely approve several, says CFRA's Todd Rosenbluth. | |||||
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| Cryptocurrency market value tops $2 trillion for the first time as ethereum hits record high | |||||
| In just over two months, the market capitalization of the cryptocurrency market has doubled, as retail and institutional investors pile into the space. | |||||
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