Coinbase launches first derivative product combining 'crypto ETF + major U.S. tech stocks'
JH Kim
Summary
- Coinbase reported that it launched a derivative product combining crypto ETFs and major U.S. tech stocks.
- It said the product tracks the 'Magnificent 7' large tech stocks, BlackRock Bitcoin·Ethereum ETFs, and Coinbase stock together.
- It reported that this is the first time a derivative product providing direct spot exposure to both crypto and major tech stocks has been listed on a U.S. exchange by Coinbase.
According to BeInCrypto, a media outlet specializing in virtual assets (cryptocurrencies), on the 22nd (local time), global crypto exchange Coinbase launched a derivative product that combines crypto exchange-traded funds (ETFs) and major U.S. tech stocks.
This product tracks the seven U.S. large tech stocks known as the 'Magnificent 7', BlackRock's Bitcoin (BTC) and Ethereum (ETH) ETFs, and Coinbase stock together.
This is the first time Coinbase has had a derivative product that provides direct spot exposure to both crypto and major tech stocks listed on a U.S. exchange.
JH Kim
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