In brief
- Coinbase exceeded Q3 expectations with $1.9 billion in revenue, driven by rebounding trading volumes and profitable services including its Ethereum L2 Base.
- BlackRock’s Bitcoin ETF IBIT saw major outflows of $290.8 million on Thursday as Bitcoin dropped below $110,000, though its cumulative inflows remain strong at $88 billion.
- REX Shares launched ULTI, a new ETF targeting volatile stocks including crypto companies like Core Scientific and Gemini to generate weekly income from price swings.
Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week: Coinbase wallops Q3 estimates, BlackRock’s IBIT sees a sharp pullback, and REX Shares’ new ETF is harvesting crypto stock volatility.
Coinbase’s Volatility Tailwind
Coinbase topped expectations on Thursday with Q3 revenue of approximately $1.9 billion and transaction revenue hitting $1.0 billion. That’s a sharp rebound as spot…
