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-0.00074888178913723 0.000894568690095863 -0.00235508900045635 0.0030853491556368 0.00261068005476963 0.0105705157462345 0.00662711090826106 0.00494751255134648
Stock impact report

Why Coinbase (COIN) Stock Is Up Today [Yahoo! Finance]

Coinbase Global, Inc. - Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) jumped 3.7% in the morning session after the broader cryptocurrency market rebounded, partly driven by news that investment firm Vanguard had allowed its clients to access Bitcoin ETFs. This move triggered fresh institutional inflows and a surge in demand from large investors, helping to push Bitcoin's price up by 6.8% to over $92,000. The rally in the crypto space provided a strong tailwind for related stocks. Adding to the positive sentiment, Cathie Wood's Ark Invest recently purchased 28,315 shares of Coinbase, valued at approximately $7.5 million, for its ARKK ETF. Such a significant purchase from a well-known investment firm signaled renewed confidence in the company. Show less Read more
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