Shares of eToro climbed nearly 29% in their debut on the Nasdaq exchange after going public at a roughly $4.2 billion valuation on Tuesday. Stock indexes saw mixed results on Wednesday, with the S&P 500 and Nasdaq trading higher and the Dow Industrials lower. Bitcoin (BTC) drifted modestly lower to $103,400.. EToro had sold nearly 6 million shares for its IPO at $52 each, much higher than its initially marketed range and raising about $310 million. The stock and crypto trading platform became the first company to resume plans to…
Tag: Stock
VanEck launches new crypto stock ETF
VanEck has launched a new actively managed exchange-traded fund (ETF) designed to invest in stocks and financial instruments offering exposure to the digital economy, the asset manager said on May 14. The VanEck Onchain Economy ETF (NODE) is listed on the Cboe exchange and aims to provide investors with broad exposure to companies operating in the blockchain ecosystem, including crypto miners, exchanges, infrastructure providers, and crypto-oriented financial technology platforms, VanEck said in a press release. The NODE ETF will also “consider any company that has clearly communicated plans to engage…
Interactive Brokers Adds ETF Tracking Dividend-Paying Stocks on Hong Kong Stock Exchange
Interactive Brokers has added a Hong Kong-focused dividend ETF to its no-transaction-fee lineup. According to the company, the move deepens the firm’s global reach and provides cost-conscious access to a pool of high-dividend stocks in one of Asia’s financial hubs. “Our no-transaction-fee ETF program is a testament to our commitment to providing low-cost trading,” commented Steve Sanders, EVP of Marketing and Product Development, at Interactive Brokers. “Adding the HK Dividend ETF gives investors another flexible tool to expand their global exposure.” Targeting Dividend-Paying Hong Kong Stocks The newly listed Ping…
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KindlyMD stock explodes 650% on Nakamoto merger, Bitcoin treasury strategy
David Bailey’s Bitcoin-native holding company, Nakamoto, has pulled off a dramatic entrance into the public markets, raising $710 million and announcing a merger with healthcare firm KindlyMD to form one of the most ambitious Bitcoin treasuries to date. The move positions the new entity as a publicly traded Bitcoin (BTC) conglomerate aimed at pushing BTC into the heart of global capital markets, according to a press release on the matter. The deal includes a $510 million private placement and $200 million in convertible notes, marking the largest PIPE ever in…
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Bitcoin Miner MARA Stock Surges Despite Earnings Miss as Analysts Applaud Cost Cutting
Bitcoin miner MARA Holdings (MARA) stock outperformed peers on Friday, even after its first quarter results missed Wall Street’s estimates, as the company’s focus on lowering costs is seen as positive by analysts. Jefferies analysts said that with the bitcoin BTC$103,091.84 price improving in the second quarter of this year and MARA focusing on more sustainable energy sources such as solar and flared gas-driven data centers, power costs should come down in the coming quarters and help margins. “MARA is expanding infrastructure at its 114 MW wind farm and has…
Online Trading Firm iFOREX Eyes IPO on London Stock Exchange
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Brazil’s B3 Stock Exchange to Launch Ether and Solana Futures
B3 will launch these new futures on June 16, opening new investment avenues for institutional buyers seeking crypto asset diversification. The bourse also announces changes to bitcoin futures to increase the accessibility of these products, given bitcoin’s recent price hike. Brazilian B3 Announces Solana, Ether Futures Launch; Reduces Bitcoin Futures’ Contract Price The Brazilian Stock […] Source
Coinbase Stock Rises 5% After $2.9 Billion Deal To Acquire Deribit
One of the world’s largest cryptocurrency exchanges, Coinbase, announced on Thursday that it has agreed to acquire Dubai-based crypto derivatives exchange Deribit, for $2.9 billion, marking the largest deal in the crypto sector to date. Coinbase Expands Global Reach With Deribit The acquisition, announced on Thursday, involves a substantial financial commitment, with $700 million in cash and 11 million shares of Coinbase Class A common stock as part of the deal. The transaction is anticipated to close by the end of the year, a timeline that has already positively impacted…