At ETF PM, we have been highlighting the extraordinary price momentum in bitcoin and cryptocurrencies since last October. The rate of innovation and material developments in the space have been spectacular, and the industry is just getting started. Next Wednesday, April 14, Coinbase, the leading U.S. cryptocurrency exchange, plans their initial public offering (IPO) through a direct listing of shares with the stock symbol COIN.
ETF PM currently has long positions in Bitcoin Trust (GBTC) and Ethereum Trust (ETHE).
See our prior notes on bitcoin (3/21c, 3/21b, 3/21, 2/21, 1/21, 12/20, 11/20b, 11/20, 10/20, 12/17).
Coinbase Will Be First Major Cryptocurrency Company To Go Public
By Brian Deagon, 4/8/21
Following a year of massive growth in the value of Bitcoin, cryptocurrency exchange Coinbase Global plans to launch a highly anticipated initial public offering. The company plans to stage the Coinbase IPO April 14.
Coinbase is the largest U.S. cryptocurrency exchange. It lists about 50 cryptocurrencies for trading. The company will be the first major crypto company to go public.
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