If You Invested $1,000 In Bitcoin Instead Of The Coinbase IPO, Here's How Much You'd Have Today
Portfolio Pulse from Chris Katje
Since the Coinbase IPO in April 2021, both Coinbase shares and Bitcoin have experienced significant declines in value. However, investors would have fared better by investing directly in Bitcoin instead of the Coinbase IPO.
June 06, 2023 | 7:47 pm
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NEGATIVE IMPACT
Coinbase is a top five holding in the Ark Fintech Innovation ETF (NYSE:ARKF).
As Coinbase is a top five holding in the Ark Fintech Innovation ETF, the decline in Coinbase's share price is likely to have a negative impact on the ETF's performance in the short term.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Coinbase is a top five holding in the Ark Innovation ETF (NYSE:ARKK).
As Coinbase is a top five holding in the Ark Innovation ETF, the decline in Coinbase's share price is likely to have a negative impact on the ETF's performance in the short term.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Coinbase is a top five holding in the Ark Next Generation Internet ETF (NYSE:ARKW).
As Coinbase is a top five holding in the Ark Next Generation Internet ETF, the decline in Coinbase's share price is likely to have a negative impact on the ETF's performance in the short term.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Bitcoin has experienced a decline of 58.0% since the Coinbase IPO in April 2021.
The article states that Bitcoin has experienced a decline of 58.0% since the Coinbase IPO in April 2021. This decline is likely to have a negative impact on the cryptocurrency's value in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Coinbase shares have fallen significantly since their IPO in April 2021, with an 86.6% loss in value.
The article states that Coinbase shares have fallen significantly since their IPO, with an 86.6% loss in value. This decline is likely to have a negative impact on the stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100