Previous Close | 61.60 |
Open | 60.59 |
Bid | 0.00 x 1000 |
Ask | 0.00 x 1400 |
Day's Range | 59.31 - 61.13 |
52 Week Range | 12.86 - 65.61 |
Volume | |
Avg. Volume | 17,353,480 |
Net Assets | 27.2B |
NAV | 59.71 |
PE Ratio (TTM) | N/A |
Yield | 0.00% |
YTD Daily Total Return | 78.51% |
Beta (5Y Monthly) | 0.00 |
Expense Ratio (net) | 1.50% |
Inception Date | 2013-09-25 |
Individual investors, who are shifting their bitcoin holdings from more expensive crypto products, appear to be driving the ETF demand.
Bitcoin (BTC-USD) has been on a tear since the approval of the spot bitcoin ETF. Within the past month, inflows for financial firms offering the ETFs have been in the billions. Popular crypto exchange Coinbase (COIN) has been at the center of crypto trading, with shares of the company up 50% since the start of the year. Citizens JMP Director of Financial Technology Research Devin Ryan joins Yahoo Finance to discuss the compelling upside case to the crypto exchange. Ryan highlights the opportunity present in Coinbase, calling it an "on-ramp" into the asset class: "We've been framing Coinbase as, a little bit cliche, but as the Amazon (AMZN) of crypto. And what I mean by that is they got into buying and selling as an exchange; really, that was the first foray into crypto. That's becoming increasingly commoditized. There's still going to be huge growth in the exchange platform, but Coinbase is really the primary on-ramps into the asset class, so if folks want to get involved in payments or remittance or, in our opinion, tokenization of real-world assets, web three, they have their own blockchain called base, they're going to be involved in virtually every aspect of how this industry grows, and then there is going to be parts of this industry, in our opinion, that are idiosyncratic to crypto." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
Bitcoin (BTC-USD) keeps on rolling, leading the charge in the crypto rally as it soars past $73,000, another record high for the digital asset in 2024. Yahoo Finance Senior Markets Reporter Jared Blikre analyzes bitcoin's multi-year performance, turning his attention to ethereum's (ETH-USD) gains and the tremendous inflows moving into US-listed spot bitcoin ETFs. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.