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This Is a Huge Win for Coinbase

Ethereum ETFs will be a long-term tailwind for crypto.

By Travis Hoium – May 29, 2024 at 6:00AM EST

Coinbase (COIN +3.87%) stock got another win last week when Ethereum (ETH +7.94%) ETFs were approved. Not only will we get another set of ETFs for Coinbase to be the custodian for, the company is also seeing cryptocurrency financial products become more mainstream. In this video, Travis Hoium covers why this is a bullish trend for Coinbase.

*Stock prices used were end-of-day prices of May 26, 2024. The video was published on May 28, 2024.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium has positions in Coinbase Global, Ethereum, and Solana. The Motley Fool has positions in and recommends Avalanche, Bitcoin, Coinbase Global, Ethereum, and Solana. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Coinbase Global Stock Quote
Coinbase Global
NASDAQ: COIN
$203.32
(+3.98%)+$7.79
Bitcoin Stock Quote
Bitcoin
CRYPTO: BTC
$74,351.00
(+1.91%)+$1,396.88
Ethereum Stock Quote
Ethereum
CRYPTO: ETH
$2,358.07
(+7.94%)+$173.51
Solana Stock Quote
Solana
CRYPTO: SOL
$96.44
(+4.18%)+$3.87
Avalanche Stock Quote
Avalanche
CRYPTO: AVAX
$10.40
(+3.93%)+$0.39

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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