Tag: Stock

Robinhood’s Crypto Activity Drops 78%, Stock Tanks Below IPO

Robinhood had a net loss of $1.32 billion this past quarter, recording a plunge of 78% in revenue from crypto transactions from 2Q. Their shares dropped 12% to $34.80 at 9:46 a.m. in New York, $38 below the IPO price in late July, Bloomberg reported. Robinhood Markets Inc. shares down to $34.80 on the daily chart – Source: Robinhood Markets Inc on TradingView Analysts had estimated Robinhood Markets Inc. would have a total revenue of $423.9 million during an earlier Bloomberg survey, but the numbers fell short hitting only $364.9…

Malta financial watchdog approves Iconic’s crypto index fund for stock market listing

The Malta Financial Services Authority has greenlit the crypto asset index fund from asset manager Iconic Funds for listing on the Malta Stock Exchange. In an Oct. 20 announcement, Iconic Funds said it expected to list its BITA20 XA Crypto Asset Index Fund on the exchange “in the coming days,” with the fund offering direct exposure to cryptocurrencies. The fund invests most of its capital in the top 20 cryptocurrencies in addition to depositing tokens into certain staking and interest-bearing accounts. According to Iconic, only qualifying individuals will be eligible…

Ark Invest On Tesla's Bitcoin Purchase (big implications)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Ark Invest on Tesla’s bitcoin move, implications for bitcoin price & more. 💲2 Free Stocks on WeBull: (USA). 💲1 Free Stock on Stake: (Australia, UK & NZ).👕 TSLA + BTC to the moon merch (LIMITED EDITION): 👕 Merch 🚀 SUPPORT THE CHANNEL ON PATREON ◆ Patreon BECOME A MEMBER OF THE CHANNEL ◆ Join CHANNEL MERCH ◆ Merch store AFFILIATES ◆ Get 2 Free Stocks (one of them up to $1600) on WeBull: ◆ Get 1 Free Stock on Stake: (Australia, United…

Crypto finserve Bakkt to soon trade publicly on New York Stock Exchange

The public listing for Bakkt ticker comes as a result of a merger with VPC Impact Acquisition Holdings, a Chicago-based special purpose acquisition company. According to an official statement, a shareholders meeting regarding the merger saw approximately 85.1% approval for the business combination: “Upon closing, the combined company’s Class A common stock and warrants are expected to begin trading on the New York Stock Exchange (“NYSE”) under the ticker symbols “BKKT” and “BKKT WS” respectively” Additionally, the business combination resulted in gross proceeds of approximately $448 million to Bakkt, which…

Stock Exchange Files for Bitwise Bitcoin Exchange-Traded Fund

A widely known stock exchange is getting in the Bitcoin (BTC) game after filing for a Bitcoin exchange-traded fund (ETF). NYSE Arca just filed for a physically backed Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC).   Alongside Bitcoin index provider Bitwise, NYSE Arca is pursuing a Bitcoin ETF with direct exposure to Bitcoin. According to Bitwise’s chief intelligence officer Matt Hougan, NYSE Arca’s application specifies that it would hold actual Bitcoin rather than Bitcoin futures. “Today NYSE filed for a Bitwise Bitcoin ETF! It would hold actual…

SEC Approves Volt Equity’s Crypto Stock ETF — CoinDesk

The SEC’s approval of the fund, which will trade under the ticker BTCR, comes just days after the regulator delayed its decision on four bitcoin ETFs—GlobalX, WidsomTree, Kryptoin, and Valkyrie—to late November at the earliest. While the SEC kicks the crypto-can down the road, bitcoin ETF applications are piling up: on Friday, BlockFi filed for a bitcoin futures ETF, bringing the number of active pending applications to over a dozen. Source

My $0 02 on Coinbase | Where will I buy

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 1. Check out “The Popular Investor” publication to improve your asset allocation & better understand the risks: 2. Access Discord, weekly updates and receive “The Popular Investor” publication: Here’s my $0 02 on Coinbase, I use the product and I’m a happy customer. $COIN has best security protocols from my research and the IPO will offer fantastic free earned media for the company. Here’s the downside in the near term for coinbase stock, this is likely an exit for early venture and…

Stock Trading App Public to Add Cryptocurrencies

Public, a commission free stock-trading app similar to Robinhood, will allow its users to buy and sell cryptocurrency in the coming weeks, the company announced Thursday. Users will be able to buy 10 cryptocurrencies to start: bitcoin, Bitcoin Cash, ether, Ethereum Classic, Litecoin, Dash, Stellar, Cardano, Zcash and dogecoin. Public’s customers in New York will not be immediately able to trade crypto because the company doesn’t have a BitLicense there, Public said. The firm is working on getting one, however, and says it is optimistic that crypto will be available…

New Zealand’s Easy Crypto raises $11.75M, eyes stock market float

New Zealand-based crypto exchange Easy Crypto has raised $11.75 million (NZD $17 million) in Series A funding, as the firm eyes a potential initial public offering (IPO) in the future. The round was led by venture capital fund Nuance Connected Capital. According to an Oct.6 announcement from Easy Crypto, the NZD 17 million figure “seemed to have set a new record in New Zealand” for the largest Series A funding from a local firm. The funding round marks a significant milestone for the firm. Co-founder and CEO Janine Grainger ha…