Coinbase Stock ROI Outperforms Top Bitcoin Funds

Coingapestaff
July 19, 2023
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Coinbase Earnings: Will Exchange Meet Wall Street Estimates For Q2?

Crypto News: The global crypto industry took an optimistic leap last week as Ripple registered a partial win in the legal tussle with U.S. Securities and Exchange Commission (SEC). However, Coinbase Global Inc (NASDAQ: COIN) stock price surge has still managed to beat any major crypto linked funds over the past month.

Also Read: Bitcoin Bull Cathie Wood’s Ark Invest Sells More Coinbase and Tesla Shares

Coinbase Outperforms BTC?

According to data provided by Kaiko, Coinbase ($COIN) is the second biggest gainer among the Bitcoin linked stocks and investment vehicles. Coinbase stock price recorded a return of more than 65% since 15 June 2023. $COIN price is trading at an average price of $106.19, up by 1.5% in the last 24 hours, at the press time.

The Valkyrie Bitcoin Miners ETF (Nasdaq: WGMI) is the biggest gainer registering a surge of 66% since mid June 2023. Valkyrie Bitcoin Miners ETF is up by 1.4% in the last 24 hours. It is trading at an average price of $17.01, at the press time.

Grayscale Bitcoin Trust (OTCMKTS: GBTC) is also shown a good recovery over the past 30 days. GBTC managed to jump by around 50% since mid June. Its price is up by 1.17% in the last 24 hours, while it is trading at an average price of $19.94, at the press time.

Bitcoin (BTC), the biggest crypto managed to hold the crucial $30k price barrier over the past few weeks. As per the data, Bitcoin price jumped by more than 20% since 15 June. However, this surge is 3 times less than what Coinbase registered. BTC is trading at an average price of $30,017, at the press time.

XRP has emerged as the biggest gainer as its price jumped by more than 65% in the last 30 days.XRP is trading at an average price of $0.81, up by around 8% in the past 24 hours.

Also Read: Who Is Do Kwon Founded Terraform Labs New CEO?

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.