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Coinbase, Robinhood shares are lower despite bitcoin ETF approval - TL;DR CNBC

Coinbase, Robinhood shares are lower despite bitcoin ETF approval

Publishing timestamp: 2024-01-11 12:03:26


Summary

The article discusses how the approval of bitcoin ETFs in the U.S. could affect crypto trading platforms like Coinbase and Robinhood. While the approval is seen as a positive step for the crypto industry, there are concerns that it could put pressure on Coinbase in the future as it offers investors an easier way to invest in cryptocurrency. The article also mentions the recent performance of Coinbase and Robinhood's stocks.


Sentiment: MIXED

Tickers: COINHOOD

Keywords: robinhood markets incbitcoinmarketsbusiness newsinvestment strategywall streetstock marketscoinbase global incbreaking news: marketsunited states

Source: https://www.cnbc.com/2024/01/11/coinbase-robinhood-shares-rise-as-bitcoin-etf-approval-adds-credibility-to-cryptocurrency-industry.html


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