El interés en corto de Coinbase Glb da a los inversores una idea del grado en que los inversores apuestan por la caída de las acciones de Coinbase Glb. Los datos de interés en corto se actualizan cada dos semanas.

Coinbase Glb (NASDAQ:COIN) Bolsa, Informe de interés en corto

Coinbase Glb

Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.

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Cathie Wood y su fundo Ark Invest realizaron operaciones relevantes durante el miércoles, en las que se involucraron Tesla Inc. (NASDAQ:TSLA) y Coinbase Global Inc. (NASDAQ:COIN).

Cathie Wood vende acciones de Tesla (TSLA) y Coinbase (COIN): ¿Qué significa para los inversores?

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La perspectiva del mercado de criptomonedas para 2025 de Coinbase (NASDAQ:COIN) resalta cinco tendencias principales inclinadas a definir el mercado de criptomonedas en el próximo año, con stablecoins, tokenización y 

Perspectivas del mercado de criptomonedas para 2025: Tendencias clave según Coinbase

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El martes, Ark Invest, firma liderada por Cathie Wood, realizó operaciones importantes con Coinbase Global Inc. (NASDAQ:COIN) y Shopify Inc. (NYSE:SHOP).

Cathie Wood reduce participación en Coinbase y Shopify mientras Bitcoin alcanza nuevos récords históricos

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COINSILIUM GROUP LTD ORD by Coinsilium Group Ltd.

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This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GPN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$125.00</td>
<td>$576.0K</td>
<td>1.0K</td>
<td>1.2K</td>
</tr>
<tr>
<td>MS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$130.00</td>
<td>$65.6K</td>
<td>5.1K</td>
<td>986</td>
</tr>
<tr>
<td>OWL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$30.00</td>
<td>$60.3K</td>
<td>3.8K</td>
<td>356</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$280.00</td>
<td>$67.8K</td>
<td>2.6K</td>
<td>261</td>
</tr>
<tr>
<td>MA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/27/24</td>
<td>$530.00</td>
<td>$32.6K</td>
<td>36</td>
<td>232</td>
</tr>
<tr>
<td>SQ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$75.00</td>
<td>$44.0K</td>
<td>4.9K</td>
<td>127</td>
</tr>
<tr>
<td>UPST</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$95.00</td>
<td>$33.4K</td>
<td>288</td>
<td>17</td>
</tr>
<tr>
<td>BLK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$990.00</td>
<td>$32.8K</td>
<td>16</td>
<td>10</td>
</tr>
<tr>
<td>V</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/18/26</td>
<td>$300.00</td>
<td>$26.7K</td>
<td>78</td>
<td>8</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding GPN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>), we observe a call option trade with bearish sentiment. It expires in 147 day(s) on May 16, 2025. Parties traded 1200 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $576.0K, with a price of $480.0 per contract. There were 1041 open contracts at this strike prior to today, and today 1200 contract(s) were bought and sold. 
• For MS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), we notice a call option sweep that happens to be bearish, expiring in 28 day(s) on January 17, 2025. This event was a transfer of 342 contract(s) at a $130.00 strike. This particular call needed to be split into 49 different trades to become filled. The total cost received by the writing party (or parties) was $65.6K, with a price of $192.0 per contract. There were 5106 open contracts at this strike prior to today, and today 986 contract(s) were bought and sold. 
• Regarding OWL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OWL#NYSE">OWL</a>), we observe a call option sweep with bearish sentiment. It expires in 392 day(s) on January 16, 2026. Parties traded 355 contract(s) at a $30.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $60.3K, with a price of $170.0 per contract. There were 3814 open contracts at this strike prior to today, and today 356 contract(s) were bought and sold. 
• Regarding COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we observe a put option trade with bullish sentiment. It expires in 28 day(s) on January 17, 2025. Parties traded 29 contract(s) at a $280.00 strike. The total cost received by the writing party (or parties) was $67.8K, with a price of $2340.0 per contract. There were 2687 open contracts at this strike prior to today, and today 261 contract(s) were bought and sold. 
• For MA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), we notice a put option sweep that happens to be bearish, expiring in 7 day(s) on December 27, 2024. This event was a transfer of 86 contract(s) at a $530.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $32.6K, with a price of $380.0 per contract. There were 36 open contracts at this strike prior to today, and today 232 contract(s) were bought and sold. 
• For SQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), we notice a call option sweep that happens to be bullish, expiring in 28 day(s) on January 17, 2025. This event was a transfer of 27 contract(s) at a $75.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $44.0K, with a price of $1630.0 per contract. There were 4935 open contracts at this strike prior to today, and today 127 contract(s) were bought and sold. 
• Regarding UPST (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>), we observe a call option trade with bullish sentiment. It expires in 364 day(s) on December 19, 2025. Parties traded 17 contract(s) at a $95.00 strike. The total cost received by the writing party (or parties) was $33.4K, with a price of $1970.0 per contract. There were 288 open contracts at this strike prior to today, and today 17 contract(s) were bought and sold. 
• For BLK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), we notice a call option sweep that happens to be bullish, expiring in 91 day(s) on March 21, 2025. This event was a transfer of 4 contract(s) at a $990.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $32.8K, with a price of $8220.0 per contract. There were 16 open contracts at this strike prior to today, and today 10 contract(s) were bought and sold. 
• For V (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), we notice a call option trade that happens to be bearish, expiring in 545 day(s) on June 18, 2026. This event was a transfer of 5 contract(s) at a $300.00 strike. The total cost received by the writing party (or parties) was $26.7K, with a price of $5350.0 per contract. There were 78 open contracts at this strike prior to today, and today 8 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

UPST

9 Financials Stocks Whale Activity In Today's Session

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Truist Securities cut the price target for NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) from $97 to $90. Truist Securities analyst Joseph Civello maintained a Buy rating. Nike shares closed at $77.10 on Thursday. See how other analysts view this stock.</li>
<li>Stifel raised the price target for Darden Restaurants, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) from $190 to $205. Stifel analyst Chris O&#8217;Cull maintained a Buy rating. Darden shares closed at $183.44 on Thursday. <a href="https://www.benzinga.com/quote/DRI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keefe, Bruyette &amp; Woods boosted the price target for T. Rowe Price Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROW#NASDAQ">TROW</a>) from $114 to $116. Keefe, Bruyette &amp; Woods analyst Aidan Hall maintained a Market Perform rating. T. Rowe Price shares closed at $112.97 on Thursday. <a href="https://www.benzinga.com/quote/TROW/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS cut Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) price target from $225 to $205. UBS analyst John Lovallo maintained a Buy rating. Lennar shares settled at $138.40 on Thursday. <a href="https://www.benzinga.com/quote/LEN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel raised FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) price target from $321 to $368. Stifel analyst J. Bruce Chan maintained a Buy rating. FedEx shares closed at $275.88 on Thursday. <a href="https://www.benzinga.com/quote/FDX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Canaccord Genuity increased BlackBerry Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>) price target from $2.8 to $3. Canaccord Genuity analyst Kingsley Crane maintained a Hold rating. BlackBerry shares closed at $2.98 on Thursday.  <a href="https://www.benzinga.com/quote/BB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays cut General Mills, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) price target from $74 to $68. Barclays analyst Andrew Lazar maintained an Equal-Weight rating. General Mills shares closed at $64.01 on Thursday. See how other analysts view this stock.</li>
<li>Keefe, Bruyette &amp; Woods raised the price target for Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) from $165 to $275. Keefe, Bruyette &amp; Woods analyst Kyle Voigt maintained a Market Perform rating. Coinbase shares settled at $273.92 on Thursday. <a href="https://www.benzinga.com/quote/COIN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley raised Brinker International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) price target from $70 to $115. Morgan Stanley analyst John Glass upgraded the stock from Underweight to Equal-Weight. Brinker shares closed at $131.33 on Thursday. <a href="https://www.benzinga.com/quote/EAT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel increased FactSet Research Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) price target from $469 to $493. Stifel analyst Shlomo Rosenbaum maintained a Hold rating. FactSet Research shares closed at $489.73 on Thursday. <a href="https://www.benzinga.com/quote/FDS/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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Price Target

Analyst Ratings

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FedEx To Rally More Than 33%? Here Are 10 Top Analyst Forecasts For Friday

Deep-pocketed investors have adopted a bullish approach towards Coinbase Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in COIN usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 20 extraordinary options activities for Coinbase Glb. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 40% leaning bullish and 35% bearish. Among these notable options, 10 are puts, totaling $421,247, and 10 are calls, amounting to $672,435.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $200.0 to $500.0 for Coinbase Glb over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Coinbase Glb's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Coinbase Glb's substantial trades, within a strike price spectrum from $200.0 to $500.0 over the preceding 30 days.
<h3>Coinbase Glb Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734705941_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$61.1</td>
<td>$61.0</td>
<td>$61.0</td>
<td>$230.00</td>
<td>$219.6K</td>
<td align="right">899</td>
<td align="right">0</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$37.95</td>
<td>$36.75</td>
<td>$37.45</td>
<td>$260.00</td>
<td>$86.1K</td>
<td align="right">760</td>
<td align="right">23</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/31/25</td>
<td>$27.9</td>
<td>$27.0</td>
<td>$27.0</td>
<td>$275.00</td>
<td>$81.0K</td>
<td align="right">38</td>
<td align="right">41</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$61.0</td>
<td>$61.0</td>
<td>$61.0</td>
<td>$230.00</td>
<td>$79.3K</td>
<td align="right">899</td>
<td align="right">0</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/24/25</td>
<td>$6.35</td>
<td>$4.55</td>
<td>$6.35</td>
<td>$350.00</td>
<td>$63.5K</td>
<td align="right">310</td>
<td align="right">100</td>
</tr>
</tbody>
</table>

<h3>About Coinbase Glb</h3>
Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.
<h3>Where Is Coinbase Glb Standing Right Now?</h3>
<ul>
<li>With a trading volume of 1,396,901, the price of COIN is down by -3.55%, reaching $264.19.</li>
<li>Current RSI values indicate that the stock is may be approaching oversold.</li>
<li>Next earnings report is scheduled for 55 days from now.</li>
</ul>
<h3>What The Experts Say On Coinbase Glb</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $361.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Barclays persists with their Equal-Weight rating on Coinbase Glb, maintaining a target price of $355. 
&#x2A; Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Coinbase Glb with a target price of $358. 
&#x2A; An analyst from Keefe, Bruyette &amp; Woods persists with their Market Perform rating on Coinbase Glb, maintaining a target price of $275. 
&#x2A; Maintaining their stance, an analyst from Goldman Sachs continues to hold a Neutral rating for Coinbase Glb, targeting a price of $397. 
&#x2A; An analyst from Needham persists with their Buy rating on Coinbase Glb, maintaining a target price of $420. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Coinbase Glb options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Behind the Scenes of Coinbase Glb's Latest Options Trends

Keefe, Bruyette &amp; Woods analyst Kyle Voigt maintains Coinbase Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) with a Market Perform and raises the price target from $165 to $275.

Keefe, Bruyette & Woods Maintains Market Perform on Coinbase Glb, Raises Price Target to $275

WIIM

BITF

BTBT

CIFR

FUFU

HIVE

IREN

MARA

MSTR

RIOT

WULF

Shares of crypto-related stocks are trading lower amid a drop in Bitcoin.

Cathie Wood-led Ark Invest made notable trades on Wednesday, involving Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>).
The Tesla Trade 
The trade saw Ark Invest selling 20,582 shares of Tesla Inc. through its ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>). The sale was valued at approximately $9.06 million based on Tesla&#8217;s closing price of $440.13. Despite a recent price target increase to $515 by analysts, Tesla&#8217;s stock faced a decline of 7.02% on Wednesday. Analysts continue to view Tesla as a <a href="https://www.benzinga.com/24/12/42562149/teslas-bright-2025-outlook-rivian-faces-roadblocks-analyst-view">leading player in the electric vehicle sector</a>, emphasizing its long-term potential despite short-term volatility.
Elon Musk, Tesla&#8217;s CEO, recently <a href="https://www.benzinga.com/tech/24/12/42525257/analyst-hikes-teslas-price-target-to-515-musk-expresses-hope-for-stock-to-touch-69042">expressed optimism</a> about the stock reaching $690 in the future, although no specific timeline was provided. This sentiment comes amidst a broader reassessment of the electric vehicle market, with Tesla maintaining its status as a top pick among industry analysts.
The Coinbase Trade 
Ark Invest sold 13,780 shares of Coinbase Global Inc. through the Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>). This transaction was valued at approximately $3.85 million based on Coinbase&#8217;s closing price of $279.86. Coinbase has faced challenges recently, <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41637702/coinbase-q3-earnings-highlights-revenue-miss-eps-miss-transaction-revenue-falls-from-q2">including a revenue miss</a> in its third-quarter earnings report, which has pressured its stock performance. 
This is the <a href="https://www.benzinga.com/24/12/42545624/cathie-woods-ark-dumps-coinbase-stock-amid-bitcoin-highs-shopify-holdings-also-cut">second day in running</a> when Ark sold Coinbase stock, on Tuesday the Wood-led firm had unloaded $1.8 million worth of the stock. The sales come amid a frothy and volatile Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) market.
Other Key Trades:
<ul>
<li>Ark Invest bought shares of Futu Holdings Ltd through the ARKF ETF.</li>
<li>Sold shares of Shopify Inc. via the ARKF ETF. It also sold shares of Ionis Pharmaceuticals Inc. using the ARKG ETF.</li>
<li>Purchased shares of Tempus AI Inc. through the ARKK ETF.</li>
</ul>
Image via Ark Invest
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<li><a href="https://www.benzinga.com/news/global/24/12/42502247/trumps-ex-secretary-of-state-mike-pompeo-backs-nippon-steels-149b-acquisition-of-us-steel-citing-national-security-concerns?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Ex-Secretary Of State Mike Pompeo Backs Nippon Steel&#8217;s $14.9B Acquisition Of US Steel Citing National Security Concerns</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Elon Musk's $690 Stock Price Optimism Aside, Cathie Wood's Ark Dumps $9 Million Worth Of Tesla Shares

STOCK REVERSES COURSE AND CLIMBS 3.5%
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="767" height="617" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/17211739/Screen-Shot-2024-12-17-at-4.22.41-PM.png" alt="" class="wp-image-4193" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/17211739/Screen-Shot-2024-12-17-at-4.22.41-PM.png 767w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/17211739/Screen-Shot-2024-12-17-at-4.22.41-PM-300x241.png 300w" sizes="(max-width: 767px) 100vw, 767px" /></figure>
Coinbase Global, Inc. (COIN) experienced a Power Inflow, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions. 
At 10:54 AM on December 17th, a significant trading signal occurred for Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) as it demonstrated a Power Inflow at a price of $305.61. This indicator is crucial for traders who want to know directionally where institutions and so-called "smart money" moves in the market. They see the value of utilizing order flow analytics to guide their trading decisions. The Power Inflow points to a possible uptrend in Coinbase&#8217;s stock, marking a potential entry point for traders looking to capitalize on the expected upward movement. Traders with this signal closely watch for sustained momentum in Coinbase&#8217;s stock price, interpreting this event as a bullish sign.
Signal description
Order flow analytics, aka transaction or market flow analysis, separate and study both the retail and institutional volume rate of orders (flow). It involves analyzing the flow of buy and sell orders, along with size, timing, and other associated characteristics and patterns, to gain insights and make more informed trading decisions. This particular indicator is interpreted as a bullish signal by active traders.&nbsp;
The Power Inflow occurs within the first two hours of the market open and generally signals the trend that helps gauge the stock&#8217;s overall direction, powered by institutional activity for the remainder of the day.&nbsp;
By incorporating order flow analytics into their trading strategies, market participants can better interpret market conditions, identify trading opportunities, and potentially improve their trading performance. But let's not forget that while watching smart money flow can provide valuable insights, it is crucial to incorporate effective risk management strategies to protect capital and mitigate potential losses. Employing a consistent and effective risk management plan helps traders navigate the uncertainties of the market in a more controlled and calculated manner, increasing the likelihood of long-term success
If you want to stay updated on the latest options trades for COIN, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.&nbsp;
<a href="https://benzinga.com/apis?_gl=1&#x2A;1hlgn5i&#x2A;_ga&#x2A;MTY1NjE2NTYxMi4xNzE0NzQ4MTAy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDc0ODEwMi4xLjEuMTcxNDc0ODQyOC4wLjAuMA..">Market News and Data are brought to you by Benzinga APIs</a> and include firms, like&nbsp; &nbsp; <a href="https://www.tradepulse.net">https://www.tradepulse.net</a>&nbsp; which are responsible for parts of the data within this article. 
&#xA9; 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
After Market Close UPDATE:
The price at the time of the Power Inflow was $305.61. The returns on the High price ($316.29) and Close price ($311.55) after the Power Inflow were respectively 3.5% and 1.9%. That is why it is important to have a trading plan that includes Profit Targets and Stop Losses that reflect your risk appetite. 
Past Performance is Not Indicative of Future Results

TradePulse Power Inflow Alert: Coinbase Global Inc. (COIN) Receives Signal As Stock Reverses Early Decline, Climbs 11 Points

President-elect Donald Trump on Monday met Crypto.com CEO Kris Marszalek to discuss topics related to the digital asset industry, including reportedly a strategic Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42511716/bitcoin-as-neutral-reserve-asset-could-overhaul-financial-system-says-analyst">reserve</a>.
What Happened: The meeting focused on crafting a <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42552111/trump-era-will-unlock-crypto-market-with-regulatory-clarity-says-analyst">clear regulatory framework</a> for digital assets and bolstering the U.S.'s leadership in crypto innovation, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-12-17/crypto-com-ceo-kris-marszalek-met-trump-at-mar-a-lago-as-industry-courts-favor">reported</a>, citing a a person familiar with the discussion.
A spokesperson for Crypto.com expressed optimism about collaborating with the administration on these initiatives.
This follows a similar engagement earlier this year when Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) CEO Brian Armstrong met with Trump to advocate for pro-crypto policies. 
The meeting comes amid rising tensions between the crypto industry and regulators. 
Crypto.com recently filed a lawsuit against the SEC after <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41234336/crypto-com-takes-on-sec-in-legal-battle-after-receiving-wells-notice">receiving a Wells notice</a>, signalling potential enforcement action.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42531359/is-a-bitcoin-strategic-reserve-a-good-idea-expert-pushes-back-just-buy-btc-yourself">Is A Bitcoin Strategic Reserve A Good Idea? Expert Pushes Back: &#8216;Just Buy BTC Yourself&#8217;</a>
Why It Matters: Shortly after the meeting, Dennis Porter, CEO of SatoshiActFund, <a href="https://x.com/Dennis_Porter_/status/1869106847153889413">confirmed</a> his team&#8217;s work on a model executive order for the Bitcoin reserve, signaling serious consideration of the proposal by Trump's team.
Trump has already tapped several crypto-friendly individuals for pivotal roles, including <a href="https://www.benzinga.com/24/11/42157756/firm-led-by-trumps-commerce-secretary-pick-howard-lutnick-reportedly-in-talks-for-a-multi-billion-dollar-bitcoin-lending-project-with-tether">Howard Lutnick</a> as Commerce Secretary and <a href="https://www.benzinga.com/24/12/42495805/trumps-sec-nominee-paul-atkins-under-ethical-scrutiny-over-3-million-consulting-payments">Paul Atkins</a> to lead the SEC. 
Notably, venture capitalist David Sacks has been appointed as an advisor on AI and crypto, bypassing calls for a dedicated &#8220;<a href="https://www.benzinga.com/24/12/42356067/venture-capitalist-david-sacks-appointed-as-white-house-ai-crypto-czar-by-trump">crypto czar</a>.&#8221;
Trump's involvement in crypto extends to his family project, World Liberty Financial, a decentralized finance initiative that recently raised $30 million in funding from entrepreneur Justin Sun.
What's Next: This meeting signals a strategic alignment between Trump's administration and the crypto sector, with the potential for groundbreaking policy changes, including the creation of <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42505162/trump-reportedly-considering-executive-order-to-establish-strategic-bitcoin-reserve">a Bitcoin reserve.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42505162/trump-reportedly-considering-executive-order-to-establish-strategic-bitcoin-reserve">Trump Reportedly Considering Executive Order To Establish Strategic Bitcoin Reserve</a></li>
</ul>
Image: Shutterstock

Donald Trump Reportedly Discussed Bitcoin Reserve In Meeting With Crypto․com CEO Kris Marszalek

The 2024 U.S. elections didn't just reshape Washington—they reignited <a href="https://www.benzinga.com/crypto">the cryptocurrency market</a>, dominated by Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>). 
Since November, cryptocurrencies have rallied an impressive 65%, and according to JPMorgan analyst Kenneth B. Worthington, this surge is less about Bitcoin's volatility and more about the promise of regulatory clarity under the incoming Donald Trump administration.
<h2 class="wp-block-heading">From Chaos To Clarity</h2>
The industry's long cry for regulatory guardrails may finally be answered. Worthington points out that Trump's presidency brings a crypto-friendly tone to Washington, positioning the digital asset space for a more legitimate future. The president-elect's pro-crypto Congress and key appointments signal a new era where the focus shifts to defining market structures and clarifying which agencies—SEC or CFTC—will call the shots.
Read Also: <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42545419/bitcoin-ethereum-dogecoin-stay-muted-before-feds-interest-rate-decision-analyst-says-btc-in-parabolic-phase-reveals-its-duration">Bitcoin, Ethereum, Dogecoin Stay Muted Before Fed&#8217;s Interest Rate Decision: Analyst Says BTC In Parabolic Phase, Reveals Its Duration</a>
Yet, don't expect fireworks just yet. While optimism runs high, actual regulatory reforms are at least 9-12 months away. From SEC and CFTC chair confirmations to rule-making processes, it's a marathon, not a sprint. 
The most immediate impact? 
FAQs and guidance provide the market with a quick dose of clarity, even as Congress wrestles with permanent legislation, the analyst said.
<h2 class="wp-block-heading">Who's Leading The Charge?</h2>
One major piece of the puzzle remains missing: the CFTC chair nomination. 
This role will likely influence the regulation of Bitcoin and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), two pillars of the crypto world. 
Meanwhile, the industry eagerly awaits to see how the SEC and FDIC might ease traditional finance's entry into crypto. Without some semblance of guidance, even the most pro-crypto stance won't move the needle for banks and brokers, according to Worthington.
<h2 class="wp-block-heading">A Glimpse Into The Future</h2>
What does a more transparent crypto ecosystem look like? 
For starters, exchanges like Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and Robinhood Markets Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) are already expanding their offerings, onboarding altcoins, and exploring auxiliary services like staking. 
Traditional finance players like Charles Schwab Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) and BlackRock Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) are also eyeing their next moves, with the latter pushing for Bitcoin allocations in institutional portfolios, the analyst notes.
The bottom line? 
Regulatory clarity could transform crypto from a speculative playground to a cornerstone of financial innovation. With the Trump administration setting a bullish tone, the crypto market might finally have the chance to break free from its regulatory limbo—and investors are paying attention.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42547334/the-new-gold-seasoned-investor-ross-gerber-spots-a-pot-of-bitcoin-at-the-end-of-the-rainbow">The New Gold? Seasoned Investor Ross Gerber Spots A &#8216;Pot Of Bitcoin&#8217; At The End Of The Rainbow</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Long Ideas

$ETH

HOOD

SCHW

Trump Era Will Unlock Crypto Market With Regulatory Clarity, Says Analyst

Coinbase&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) 2025 crypto market outlook highlights five major trends poised to define the cryptocurrency market in the coming year, with stablecoins, tokenization and <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42480856/donald-trump-pledges-to-do-something-great-with-crypto-heres-what-hes-done-so-far">a regulatory shift</a> leading the way.
<a href="https://www.benzinga.com/news/events/24/12/42348790/stablecoins-a-new-tool-for-us-dollar-dominance-global-financial-access">Stablecoins</a> remain crypto's ‘killer app', with market capitalization growing 48% in 2024 to reach $193 billion as of Dec. 1.
Coinbase expects this trend to accelerate, moving beyond trading to broader adoption in global commerce and capital flows. 
The <a href="https://www.coinbase.com/en-gb/blog/crypto-market-outlook-5-things-to-watch-in-2025">report</a> estimates stablecoin transaction volumes surpassed $27 trillion in 2024, three times higher than the previous year​.
The tokenization of <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41718097/how-unlocking-tokenized-real-world-assets-on-new-platforms-could-redefine-digital-finance">real-world assets</a> (RWA) is another key focus area, having grown over 60% to $13.5 billion in 2024.
Coinbase believes <a href="https://www.benzinga.com/news/events/24/11/42012198/a-new-era-how-tokenization-could-reduce-frictions-and-potentially-costs-in-finance">RWA tokenization</a> will streamline financial transactions and expand into areas like private credit, corporate bonds, real estate, and commodities​.
On the institutional front, the success of <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42550416/bitcoin-etfs-decline-as-king-crypto-falls-to-104000">spot Bitcoin ETFs</a> has reshaped demand dynamics, with Coinbase expecting further developments.
The potential approval of ETFs for XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>), Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) and Litecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ltc/usd">LTC</a>) could drive limited near-term demand.
However, innovations such as allowing in-kind creations or staking could significantly enhance ETF appeal by narrowing bid-ask spreads and improving alignment with net asset values​.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42537836/litecoin-hbar-etfs-could-come-before-xrp-solana-heres-why">Litecoin, HBAR ETFs Could Come Before XRP, Solana: Here&#8217;s Why</a>
<a href="https://www.benzinga.com/money/what-is-defi">Decentralized finance (DeFi)</a> is set for a resurgence.
After facing setbacks in the previous cycle, lending protocols and decentralized exchanges (DEXs) have shown resilience, hitting all-time highs in total value locked (TVL). 
Innovative applications like <a href="https://www.benzinga.com/money/what-is-depin">decentralized physical infrastructure</a> (DePIN) and prediction markets signal the sector&#8217;s evolution.
A pro-crypto regulatory shift in the United States is expected to provide much-needed clarity, with a bipartisan majority in Congress supporting crypto-friendly policies. 
Coinbase anticipates regulatory milestones, including stablecoin legislation and an end to regulation-by-enforcement. 
Globally, G20 countries and other financial hubs are also moving toward creating digital asset frameworks.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42526592/bitcoin-ethereum-etfs-see-688m-net-inflows-analysts-target-124000">Bitcoin, Ethereum ETFs See $688M Net Inflows, Analysts Target $124,000</a></li>
</ul>
Image: Shutterstock

Coinbase's 2025 Market Outlook Highlights 5 Major Trends To Come

The global fund managers increased their allocation to <a href="https://www.benzinga.com/24/12/42527883/top-3-financial-stocks-which-could-rescue-your-portfolio-for-december">financial stocks</a>, which include both banks and insurance companies, to an all-time high in December.
What Happened: According to the Bank of America&#8217;s Global Fund Manager Survey, as reported <a href="https://finance.yahoo.com/news/investors-allocation-to-us-stocks-hits-record-high-amid-super-bullish-sentiment-bofa-survey-164349535.html">by</a> Yahoo Finance, investors&#8217; allocation to banks increased by 23% points in December compared to the previous month. This resulted in global fund managers being 41% overweight on banking stocks in December, which is the highest since January 2022.
Similarly, the allocation to insurance companies surged by 15% points month-on-month. This represented an overweight position of 20% within the sectors by the global fund managers. It is the highest since February 2014.
Furthermore, the investor positioning relative to their historical long-term positions increased within the financial universe, followed by the U.S. stocks and utilities, according to the BofA survey.
The investors were underweight with respect to their exposure to cash, Eurozone stocks, staples, and bonds.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42531373/financial-stocks-near-record-year-could-trump-deregulation-fuel-bigger-gains-in-2025">Financial Stocks Near Record Year: Could Trump Deregulation Fuel Bigger Gains In 2025?</a>
What Are The Analysts Saying
Mario Georgiou, executive director, head of investments at InCred Global Wealth U.K., in an <a href="https://www.benzinga.com/24/11/42158682/donald-trumps-win-positive-for-financials-energy-sector-as-pro-growth-effects-will-outweigh-inflationary-pressures-says-analyst">exclusive conversation with Benzinga</a>, described tax cuts and deregulation as tailwinds to the markets. He considers inflationary policies such as tariffs and immigration impacts as headwinds, leading to a steepening yield curve, and higher term premiums.
"Financials offer an attractive risk-reward and that this recent post-election rally has room to run," added Georgiou. According to him "Financials are not only well positioned to capture the benefits of the above-mentioned Trump tailwinds, but are also less impacted / would even benefit from the Trump headwinds."
Bank of America's global economics team recently summarized the sentiment, stating, "Pro-growth policies like deregulation of financial services and energy, as well as lower taxes, are boosting market sentiment and asset prices."
According to Goldman Sachs analyst Richard Ramsden, large-cap banks remain optimistic about the economy. &#8220;Healthy consumer spending trends and strong corporate balance sheets have supported a constructive outlook,&#8221; Ramsden said in a recent note.
The top-performing financial stocks of 2024 include Robinhood Markets, Interactive Brokers Group, Coinbase Global, KKR &amp; Co, and Wells Fargo.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Company</td>
<td>YTD Performance</td>
</tr>
<tr>
<td>Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>)</td>
<td>236.54%</td>
</tr>
<tr>
<td>Interactive Brokers Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>)</td>
<td>111.59%</td>
</tr>
<tr>
<td>Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</td>
<td>98.65%</td>
</tr>
<tr>
<td>KKR &amp; Co Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>)</td>
<td>85.99%</td>
</tr>
<tr>
<td>Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>)</td>
<td>43.54%</td>
</tr>
<tr>
<td>Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>)</td>
<td>42.75%</td>
</tr>
<tr>
<td>M&amp;T Bank Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>)</td>
<td>41.08%</td>
</tr>
<tr>
<td>JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>)</td>
<td>38.52%</td>
</tr>
<tr>
<td>Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>)</td>
<td>36.04%</td>
</tr>
<tr>
<td>Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>)</td>
<td>34.09%</td>
</tr>
<tr>
<td>Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>)</td>
<td>32.89%</td>
</tr>
<tr>
<td>Fifth Third Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>)</td>
<td>29.53%</td>
</tr>
<tr>
<td>PNC Financial Services Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>)</td>
<td>26.71%</td>
</tr>
<tr>
<td>Arthur J. Gallagher &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJG#NYSE">AJG</a>)</td>
<td>25.74%</td>
</tr>
<tr>
<td>HSBC Holdings Plc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSBC#NYSE">HSBC</a>)</td>
<td>21.24%</td>
</tr>
<tr>
<td>Prudential Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRU#NYSE">PRU</a>)</td>
<td>13.69%</td>
</tr>
<tr>
<td>American International Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>)</td>
<td>3.46%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Note: Data as of market close on Dec. 17, 2024</figcaption></figure>
The iShares U.S. Financial ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYF#NYSE">IYF</a>) has risen 31.35% year-to-date.
Similarly, other financial-focused ETFs have seen strong gains. The Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) surged 30.3%, while the Vanguard Financials Index Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFH#NYSE">VFH</a>) climbed 30.89%.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42546991/dows-rare-nine-day-decline-falls-behind-267-single-day-crashes-since-1900">Dow&#8217;s Rare Nine-Day Decline Falls Behind 267 Single-Day Crashes Since 1900: Is Tech Shift To Blame?</a></li>
</ul>
Photo courtesy: Shutterstock

Market Summary

General

FITB

HSBC

IBKR

iShares Dow Jones US Financial Sector Index Fund

Fund Managers Increase Allocation To Banking And Insurance Stocks In December: Here Are The Best Performing Financial Stocks In 2024

On Tuesday, Cathie Wood-led Ark Invest made significant trades involving Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>). The investment firm reduced its holdings in both companies.
The Coinbase Trade
Ark Invest sold 5,646 shares of Coinbase Global Inc. through its Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>) on Tuesday. With Coinbase&#8217;s stock closing at $311.64, the transaction was valued at approximately $1.8 million. This move follows a challenging period for Coinbase, as highlighted in their <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41637702/coinbase-q3-earnings-highlights-revenue-miss-eps-miss-transaction-revenue-falls-from-q2">third-quarter earnings report</a>, which revealed a revenue miss and declining transaction revenue. The company&#8217;s financials have been under pressure, impacting investor sentiment.
Coinbase&#8217;s recent performance has been scrutinized, with the company reporting third-quarter revenue of $1.21 billion, falling short of the $1.26 billion consensus estimate. However, the sale of Coinbase shares comes at a time when the apex cryptocurrency, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) has been <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42545419/bitcoin-ethereum-dogecoin-stay-muted-before-feds-interest-rate-decision-analyst-says-btc-in-parabolic-phase-reveals-its-duration">hitting new all-time highs</a> consistently. The leading cryptocurrency earlier hit a fresh all-time high of $108,000 in early trading hours before witnessing a sharp decline.
The Shopify Trade
Ark Invest also reduced its stake in Shopify Inc. by selling 31,078 shares through the ARKF ETF. With Shopify&#8217;s stock closing at $119.49, the sale amounted to approximately $3.7 million. Shopify has been on a growth trajectory, as evidenced by its <a href="https://www.benzinga.com/news/earnings/24/11/41901788/shopify-q3-earnings-ninth-consecutive-quarter-of-revenue-beat-gmv-up-24-positive-outlook-and-more">third-quarter earnings</a>, which marked its ninth consecutive quarter of revenue beats.
The e-commerce giant reported a 26% year-over-year revenue growth to $2.16 billion, surpassing analyst expectations. Notably, Ark Invest has been seen <a href="https://www.benzinga.com/24/11/42227834/cathie-wood-buys-amazon-amd-stock-trims-palantir-block-holdings-amid-ai-and-bitcoin-euphoria">shopping for shares</a> of Shopify&#8217;s larger rival Amazon.com, Inc (AMZN) recently.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42499950/crypto-analyst-shiba-inu-price-set-for-massive-surge-could-go-up-sixfold?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Crypto Analyst: Shiba Inu Price Set For Massive Surge, Could Go Up Sixfold</a>
Other Key Trades:
<ul>
<li>Futu Holdings Ltd: Ark Invest bought shares through ARK Innovation ETF (ARKK).</li>
<li>Tempus AI Inc: Acquired shares via ARKG and through ARKK.</li>
<li>Adaptive Biotechnologies Corp: Sold shares from ARK Genomic Revolution ETF (ARKG).</li>
<li>Pacific Biosciences of California Inc: Purchased shares through ARKG and ARKK.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/12/42522048/jim-cramer-warns-nvidias-vicious-and-fast-reversal-is-coming-amid-174-surge-this-year-and-china-antitrust-probe?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer Warns Nvidia&#8217;s &#8216;Vicious&#8217; And &#8216;Fast&#8217; Reversal Is Coming Amid 174% Surge This Year And China Antitrust Probe</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Cathie Wood's Ark Dumps Coinbase Stock Amid Bitcoin Highs, Shopify Holdings Also Cut

U.S. financial stocks are enjoying a banner year in 2024, with the sector posting the strongest yearly return in nearly three decades, fueled by the spectacular resilience of the American economy and soaring investor optimism for deregulation following Donald <a href="https://www.benzinga.com/topic/donald-trump">Trump</a><a href="https://www.benzinga.com/topic/donald-trump">'s November election victory.</a>
The iShares U.S. Financial ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYF#NYSE">IYF</a>) has skyrocketed 34% year-to-date, representing the fund's best annual performance since its launch in 2001.
Similarly, other financial-focused ETFs have seen strong gains. The Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) surged 31.7%, its strongest rally since 2013, while the Vanguard Financials ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFH#NYSE">VFH</a>) climbed 32.4%.
<h3 class="wp-block-heading">Chart: A Year To Remember For Financial Stocks</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="475" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16154716/image-134-1024x475.png" alt="" class="wp-image-694668" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16154716/image-134-1024x475.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16154716/image-134-300x139.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16154716/image-134-768x356.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16154716/image-134-1536x713.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16154716/image-134.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">The Financial Sector&#8217;s Biggest Winners In 2024</h3>
This year has produced standout performances from a range of individual financial stocks. Below is a list of the 10 best-performing financial equities of 2024 within the IYF ETF:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>Price Chg. % (YTD)</td>
</tr>
<tr>
<td>Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>)</td>
<td>242.28%</td>
</tr>
<tr>
<td>Interactive Brokers Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>)</td>
<td>118.22%</td>
</tr>
<tr>
<td>Jefferies Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>)</td>
<td>102.81%</td>
</tr>
<tr>
<td>Apollo Global Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>)</td>
<td>91.31%</td>
</tr>
<tr>
<td>KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>)</td>
<td>88.71%</td>
</tr>
<tr>
<td>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</td>
<td>81.72%</td>
</tr>
<tr>
<td>Virtu Financial, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRT#NASDAQ">VIRT</a>)</td>
<td>80.90%</td>
</tr>
<tr>
<td>Evercore Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVR#NYSE">EVR</a>)</td>
<td>74.57%</td>
</tr>
<tr>
<td>SoFi Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>)</td>
<td>68.99%</td>
</tr>
<tr>
<td>Blue Owl Capital Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OWL#NYSE">OWL</a>) </td>
<td>66.88%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Data as of Dec. 16, 2024</figcaption></figure>
<h3 class="wp-block-heading">Why Financial Stocks Soared In 2024</h3>
The 2024 rally in financial stocks has been driven by a potent cocktail of strong economic growth, declining interest rates, and deregulation optimism.
The U.S. economy demonstrated remarkable resilience, with economic growth accelerating from 1.6% in the first quarter to 3% in the second quarter, and maintaining a solid 2.8% in the third quarter. 
Survey data for December further underscored this momentum, showing <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42511277/us-services-sector-booms-at-fastest-pace-since-october-2021-business-activity-leaps-to-over-two-year-highs">private-sector activity expanding at its fastest pace since April 2022</a>, with particularly strong growth in the services sector—the backbone of the financial economy.
Bank of America&#8217;s global economics team recently summarized the sentiment, stating, &#8220;Pro-growth policies like deregulation of financial services and energy, as well as lower taxes, are boosting market sentiment and asset prices.&#8221;
One of the most critical tailwinds was the de-inversion of the U.S. yield curve. The Federal Reserve's decision to ease interest rates, coupled with steady economic growth and resilient inflation, flipped the gap between short- and long-term Treasury yields. This dynamic allowed banks to borrow cheaply via short-term funding and lend at higher, long-term rates—improving net interest margins and boosting profitability.
Mortgage rates, for example, remain high because they are linked to longer-dated Treasury yields, even as interest rates have declined. 
"Economic growth data has been coming in generally better than expected lately, which has helped push Treasury yields higher, while at the same time pricing out the need for an aggressive rate-cutting campaign by the Fed," LPL Financial said in a recent note.
<h3 class="wp-block-heading">What's Next for Financial Stocks In 2025?</h3>
Heading into 2025, Wall Street sees more tailwinds for the financial sector, particularly from deregulation. "We expect a broad deregulatory push benefiting energy and financial services," Bank of America said. The firm also noted that deregulation in the banking system could ease credit constraints while stabilizing the financial system, especially given the rapid rise of private lending, which remains largely unregulated.
According to Goldman Sachs analyst Richard Ramsden, large-cap banks remain optimistic about the economy. "Healthy consumer spending trends and strong corporate balance sheets have supported a constructive outlook," Ramsden said in a recent note.
However, regional banks remain cautious about loan growth, with many pointing to a potential rebound in early-to-mid 2025. While client sentiment has improved post-election, this optimism hasn't yet translated into higher lending activity.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42468190/defense-stocks-face-headwinds-as-trumps-doge-targets-spending-cuts-goldman-sachs-downgrades-general-dynamics-to-sell">Defense Stocks Face Headwinds As Trump&#8217;s DOGE Targets Spending Cuts: Goldman Sachs Downgrades General Dynamics</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Analyst Color

Large Cap

Sector ETFs

Econ #s

SOFI

VIRT

Select Sector SPDR-Consumer Discretionary

Financial Stocks Near Record Year: Could Trump Deregulation Fuel Bigger Gains In 2025?

Tech stocks extended their rally to new heights on Monday, with the Nasdaq 100 index climbing over 1% to surpass 22,000 points, fueled by robust gains among key <a href="https://www.benzinga.com/tech">components in the index.</a>
Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) led the charge, soaring over 8% after receiving bullish price-target updates from analysts. The company's AI-driven growth potential gained further traction on Friday following its announcement of a collaboration with Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) to produce a cutting-edge AI chip.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) also rallied, jumping more than 5%, pushing its post-election gains to 85%, buoyed by positive analyst sentiment. Wedbush Securities described Tesla as a &#8220;game-changer&#8221; in AI and autonomous advancements under Trump's administration, adding to the bullish outlook.
Among other indices, the Russell 2000 rose 1%, while the S&amp;P 500 edged up 0.4%. The Dow Jones Industrial Average, however, dipped 0.2%, weighed down by losses in the energy and healthcare sectors.
On the economic front, private-sector surveys showed a stronger-than-expected rebound in December activity. The services sector Purchasing Managers&#8217; Index (PMI) surged to 58.5, the highest reading since October 2021. Meanwhile, the Composite PMI climbed to 56.6, its best level since April 2022, as robust growth in services offset continued weakness in manufacturing.
Crypto-related assets gained fresh bullish momentum, driven by speculation about the U.S. government creating a Bitcoin Strategic Reserve fund. Meanwhile, MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) will be added to the Nasdaq 100 Index on Dec. 23, further boosting sentiment.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) reached $107,000, marking a year-to-date gain of 153%. MicroStrategy shares rose 5.8%, while other crypto-linked stocks, such as MARA Digital Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>), and Coinbase Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), surged 11.1%, 9.2%, and 4.5%, respectively.
<h3 class="wp-block-heading">Monday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices </td>
<td>Price</td>
<td>1-day %</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>22,043.82</td>
<td>1.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,369.39</td>
<td>1.0%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,076.94</td>
<td>0.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,750.42</td>
<td>-0.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:15 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121624&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.5% to $607.34.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;eased 0.2% to $438.86.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 1.4% to $537.94.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 1% to $235.13.</li>
<li>The&nbsp;Consumer Discretionary Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, up by 1.2%; the&nbsp;Energy Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) lagged, down 1.8%.</li>
</ul>
<h3 class="wp-block-heading">Monday&#8217;s Stock Movers</h3>
<ul>
<li>Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) rose 7.1%, reflecting bullish investor sentiment ahead of its earnings report on Wednesday after the close.</li>
<li>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) rose by 4.7%, building up momentum after last week&#8217;s 8.7% surge following the announcement of the quantum computer launch. </li>
<li>Shares of of natural gas companies fell amid prospects for less colder weather in the upcoming weeks. New Fortress Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFE#NASDAQ">NFE</a>) led industry declines, down 7%. </li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42514008/fed-poised-to-cut-interest-rates-by-0-25-this-week-heres-why-your-focus-should-shift-to-other-signals">Fed Poised To Cut Interest Rates By 0.25% This Week: Here&#8217;s Why Your Focus Should Shift To Other Signals</a></li>
</ul>
Photo: Shutterstock

Macro Economic Events

Mid Cap

Broad U.S. Equity ETFs

Small Cap

Economics

Tech

AAPL

AVGO

SPDR Dow Jones Industrial Average ETF Trust

GOOGL

Broadcom, Tesla Propel Nasdaq 100 Gains, Bitcoin Hits $107,000, Fuels Crypto Stocks Rally: What's Driving Markets Monday?

BTDR

CLSK

Core Scientific, Inc. - Class A Common Stock

CORZ

Shares of Bitcoin miners and crypto-linked stocks are trading higher after Bitcoin reached an all-time high.

Coinbase Glb's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NYSE">COIN</a>) short percent of float has risen 7.49% since its last report. The company recently reported that it has 9.88 million shares sold short, which is 4.88% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Coinbase Glb Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734354026_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Coinbase Glb has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Coinbase Glb's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Coinbase Glb's peer group average for short interest as a percentage of float is 3.50%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Coinbase Glb's Recent Short Interest

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$73.00</td>
<td>$68.0K</td>
<td>780</td>
<td>4.3K</td>
</tr>
<tr>
<td>UPST</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$85.00</td>
<td>$32.8K</td>
<td>156</td>
<td>1.2K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$400.00</td>
<td>$55.3K</td>
<td>2.7K</td>
<td>546</td>
</tr>
<tr>
<td>TIGR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$10.00</td>
<td>$27.5K</td>
<td>8.2K</td>
<td>507</td>
</tr>
<tr>
<td>HOOD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$35.00</td>
<td>$34.1K</td>
<td>3.3K</td>
<td>422</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$40.00</td>
<td>$27.8K</td>
<td>35.0K</td>
<td>328</td>
</tr>
<tr>
<td>JPM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$215.00</td>
<td>$46.9K</td>
<td>445</td>
<td>311</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$70.00</td>
<td>$44.0K</td>
<td>8.2K</td>
<td>104</td>
</tr>
<tr>
<td>SQ</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$106.00</td>
<td>$25.0K</td>
<td>8</td>
<td>50</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we observe a call option trade with bearish sentiment. It expires in 7 day(s) on December 20, 2024. Parties traded 4000 contract(s) at a $73.00 strike. The total cost received by the writing party (or parties) was $68.0K, with a price of $17.0 per contract. There were 780 open contracts at this strike prior to today, and today 4320 contract(s) were bought and sold. 
• Regarding UPST (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>), we observe a put option trade with bearish sentiment. It expires in 7 day(s) on December 20, 2024. Parties traded 90 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $32.8K, with a price of $365.0 per contract. There were 156 open contracts at this strike prior to today, and today 1222 contract(s) were bought and sold. 
• Regarding COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we observe a call option trade with bearish sentiment. It expires in 98 day(s) on March 21, 2025. Parties traded 20 contract(s) at a $400.00 strike. The total cost received by the writing party (or parties) was $55.3K, with a price of $2765.0 per contract. There were 2724 open contracts at this strike prior to today, and today 546 contract(s) were bought and sold. 
• For TIGR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>), we notice a call option sweep that happens to be bullish, expiring in 125 day(s) on April 17, 2025. This event was a transfer of 250 contract(s) at a $10.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $27.5K, with a price of $110.0 per contract. There were 8254 open contracts at this strike prior to today, and today 507 contract(s) were bought and sold. 
• For HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we notice a put option trade that happens to be bullish, expiring in 399 day(s) on January 16, 2026. This event was a transfer of 47 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $34.1K, with a price of $727.0 per contract. There were 3301 open contracts at this strike prior to today, and today 422 contract(s) were bought and sold. 
• For BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we notice a put option sweep that happens to be bullish, expiring in 399 day(s) on January 16, 2026. This event was a transfer of 125 contract(s) at a $40.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $27.8K, with a price of $223.0 per contract. There were 35086 open contracts at this strike prior to today, and today 328 contract(s) were bought and sold. 
• For JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we notice a put option sweep that happens to be bearish, expiring in 280 day(s) on September 19, 2025. This event was a transfer of 53 contract(s) at a $215.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $46.9K, with a price of $885.0 per contract. There were 445 open contracts at this strike prior to today, and today 311 contract(s) were bought and sold. 
• Regarding C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we observe a call option sweep with bearish sentiment. It expires in 98 day(s) on March 21, 2025. Parties traded 100 contract(s) at a $70.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $44.0K, with a price of $441.0 per contract. There were 8254 open contracts at this strike prior to today, and today 104 contract(s) were bought and sold. 
• For SQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), we notice a put option trade that happens to be bearish, expiring in 7 day(s) on December 20, 2024. This event was a transfer of 20 contract(s) at a $106.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $1251.0 per contract. There were 8 open contracts at this strike prior to today, and today 50 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

TIGR

9 Financials Stocks With Whale Alerts In Today's Session

Cryptocurrency exchange and financial technology firm Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) offers a compelling mechanism to wager on digital assets without dealing with the <a href="https://www.benzinga.com/money/how-to-claim-unclaimed-bitcoin">unusual pitfalls</a> of crypto investing. These hazards include discarded hardware, forgotten passwords or even technical gremlins. Still, with Coinbase stock having virtually doubled in value this year, some skepticism may exist regarding its immediate forward viability.
Looking at the charts, Coinbase blitzed higher following the election results. Since then, however, the security has entered a sideways consolidation pattern. It's possible that it could swing higher from here. However, such a bullish development may depend on the underlying crypto ecosystem. With the <a href="https://coinmarketcap.com/charts/">total market capitalization</a> of all digital assets above $3.6 trillion, a healthy correction wouldn't be unexpected.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="826" height="475" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12153730/COIN-stock-12122024.jpg" alt="" class="wp-image-690253" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12153730/COIN-stock-12122024.jpg 826w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12153730/COIN-stock-12122024-300x173.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12153730/COIN-stock-12122024-768x442.jpg 768w" sizes="(max-width: 826px) 100vw, 826px" /></figure>
Conclusion? It's honestly a guessing game where Coinbase stock may head next. Fortunately, with an options strategy called the long iron condor, the focus is on volatility or price movement rather than the ultimate direction of the security.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42457605/exclusive-experts-share-their-top-crypto-predictions-for-2025">EXCLUSIVE: Experts Share Their Top Crypto Predictions For 2025</a>
<h2 class="wp-block-heading">Profit From Indecisiveness In COIN Stock</h2>
Paralysis by analysis represents one of the most frustrating dynamics in trading. However, if a trader is confident in a high magnitude of movement (but unclear on the asset's direction), then a long iron condor may represent an ideal solution.
An advanced options strategy, the long iron condor features four legs (or strike prices). Structurally, it helps to think of this trade as the combination of two vertical spreads; specifically, a bear put spread and a bull call spread.
Essentially, the condor features a north endzone and a south endzone. The name of the game is to get the ball across either outer strike prices to receive the full reward. A partial reward materializes when the top or bottom breakeven thresholds are breached.
By logical deduction, the long iron condor trader doesn't care where the target stock moves to, so long as it moves enough. Naturally, the worst outcome for the speculator is a decline of kinesis. Therefore, buyers of long condors anticipate a rise in <a href="https://www.benzinga.com/money/what-implied-volatility-options-trading#:~:text=Implied%20volatility%20measures%20the%20anticipated,risk%20factor%20before%20buying%20options.">implied volatility</a>.
<h2 class="wp-block-heading">Finding the Right Long Iron Condor To Trade</h2>
Given that the long iron condor rewards heightened volatility, it makes sense for traders to seek "narrow" strike price ranges. That way, there's less distance for the ball to reach either endzone. However, narrow long iron condors typically feature significant positional risk (a large cash outlay) in exchange for the reduced probabilistic risk (likelihood that the trade will be successful). Also, highly probable trades usually feature miniscule payouts.
On the other hand, "wide" long iron condors tempt traders with the biggest payouts and low positional risk. However, the probabilistic risk tends to be so great that such transactions should be viewed extremely carefully, if not skeptically.
Subsequently, finding the right long iron condor involves a balancing act. The ideal condor will feature a reasonable probability that the ball can reach either endzone. This balance is important because the trader is paying a premium to attack both profitability targets. If the trader had a strong directional bias, it would make sense to just pay for one vertical spread — either a bear put or a bull call.
Based on the week-to-week mobility of COIN stock, the 287.50P &#x7C; 295.00P &#x7C;&#x7C; 310.00C &#x7C; 317.50C condor for the options chain expiring Dec. 20, 2024, may make sense. This is how the trade breaks down:
<ul>
<li>Sell the $287.50 put.</li>
<li>Buy the $295 put.</li>
<li>Buy the $310 call.</li>
<li>Sell the $317.50 call.</li>
</ul>
With this setup, there's a reasonable chance — given COIN stock's high mobility — to reach either profitability target. Further, the payout, while not particularly great at 33% at the time of writing, still affords the trader a mechanism to win if COIN marches higher or if an unexpected headwind temporarily derails the bullish narrative.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/personal-finance/financial-advisors/24/12/42470479/financial-advisor-calls-stocks-dinosaur-bones-but-likes-some-etfs">&#8216;Crypto Hippie&#8217; Financial Advisor Calls Stocks &#8216;Dinosaur Bones&#8217; — But Likes Some ETFs</a></li>
</ul>
Photo: Shutterstock

Technicals

Options Corner: Turn Coinbase's Volatility Into Opportunity With Long Iron Condors

Ritholtz Wealth Management&#8217;s Josh Brown created a new index that tracks the most popular stocks in some of the <a href="https://www.benzinga.com/insights/options/24/12/42465585/spotlight-on-soundhound-ai-analyzing-the-surge-in-options-activity">hottest themes of the market</a>.
What To Know: Last Tuesday on "<a href="https://podcasts.apple.com/us/podcast/the-compound-and-friends/id1456467014?i=1000679133042" target="_blank" rel="noreferrer noopener">The Compound &amp; Friends</a>" podcast, Brown set the stage for unveiling the &#8220;Degen Dow.&#8221;
&#8220;I think that if we were to make a list of the biggest themes of 2024, one of those themes would have been degeneracy,&#8221; Brown said. 
It&#8217;s tough to say precisely how the word &#8220;degen&#8221; came to be, but some believe it originates from the term &#8220;degenerate gambler&#8221; in sports betting and gambling culture, <a href="https://www.wsj.com/finance/stocks/degen-stock-crypto-trading-market-trend-69d12a56">according</a> to The Wall Street Journal.
It&#8217;s also used by crypto traders and meme-stock traders who often make risky short-term bets based on momentum and steer clear of traditional ways of assessing investments. 
Brown put together a list of the top stocks used as trading vehicles by &#8220;degen&#8221; traders using platforms such as Robinhood, Stocktwits and Reddit&#8217;s <a href="https://www.benzinga.com/topic/wallstreetbets">WallStreetBets</a>. The list includes high beta Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)-related names, gaming and gambling companies, AI names, space theme plays, Cathie Wood favorites and president-elect Donald Trump-related stocks.
&#8220;All the major degen food groups are represented,&#8221; Brown said. 
Here&#8217;s a look at all of the stocks that made it into the &#8220;Degen Dow.&#8221;
<ul>
<li>Archer Aviation Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>)</li>
</ul>
<ul>
<li>AMC Entertainment Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>)</li>
</ul>
<ul>
<li>Applovin Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>)</li>
</ul>
<ul>
<li>Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</li>
</ul>
<ul>
<li>Carvana Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>)</li>
</ul>
<ul>
<li>Trump Media &amp; Technology Group Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>)</li>
</ul>
<ul>
<li>DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>)</li>
</ul>
<ul>
<li>Flutter Entertainment Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>)</li>
</ul>
<ul>
<li>Geo Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEO#NYSE">GEO</a>)</li>
</ul>
<ul>
<li>GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>)</li>
</ul>
<ul>
<li>Hims &amp; Hers Health, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>)</li>
</ul>
<ul>
<li>Robinhood Markets, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>)</li>
</ul>
<ul>
<li>Lucid Group, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>)</li>
</ul>
<ul>
<li>MARA Holdings, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>)</li>
</ul>
<ul>
<li>MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>)</li>
</ul>
<ul>
<li>NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</li>
</ul>
<ul>
<li>PagerDuty, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PD#NYSE">PD</a>)</li>
</ul>
<ul>
<li>Palantir Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>)</li>
</ul>
<ul>
<li>Roblox Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>)</li>
</ul>
<ul>
<li>Reddit, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>)</li>
</ul>
<ul>
<li>Riot Platforms, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>)</li>
</ul>
<ul>
<li>Rivian Automotive, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>)</li>
</ul>
<ul>
<li>Rocket Lab USA, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>)</li>
</ul>
<ul>
<li>Rumble Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>)</li>
</ul>
<ul>
<li>Super Micro Computer Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)</li>
</ul>
<ul>
<li>SoFi Technologies, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>)</li>
</ul>
<ul>
<li>SoundHound AI, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>)</li>
</ul>
<ul>
<li>Tesla, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</li>
</ul>
<ul>
<li>Unity Software Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>)</li>
</ul>
<ul>
<li>Vistra Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>)</li>
</ul>
Why It Matters: Brown equal-weighted the basket of stocks in the index to track performance. The index actually declined more than 80% from the highs in late 2021, but it has formed a base and appears to be breaking out to the upside with gains of nearly 50% since the start of the year. 
&#8220;Look how it&#8217;s like turning up &#8230; this thing is ripping into year-end,&#8221; Brown said, to which his co-host Michael Batnick replied, &#8220;I want to get long.&#8221;
Brown noted Nvidia and Reddit are the only two names on the list he currently owns.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/gaming/24/12/42425015/gamestop-q3-earnings-revenue-miss-4b-cash-no-more-offerings-planned-in-fiscal-year">GameStop Q3 Earnings: Revenue Miss, $4B+ Cash, No More Offerings Planned In Fiscal Year</a></li>
</ul>
Photo: Shutterstock

ACHR

ARCH

CVNA

DKNG

FLUT

Hims & Hers Health, Inc. Class A Common Stock

HIMS

LCID

NVDA

PLTR

RBLX

RDDT

RIVN

RKLB

SMCI

SOUN

Josh Brown Unveils The 'Degen Dow,' A Basket Of 30 Retail Darlings Spanning All 'Major Degen Food Groups'

President-elect Donald Trump sat down with Crypto.com CEO Kris Marszalek at Mar-a-Lago on December 16, discussing bold new policies for the crypto ...

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Monness Crespi raised the firm's price target on Coinbase (COIN) to $390 from $245 and keeps a Buy rating on the shares. The firm is a buyer of Coi...

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Rethinking Stock Market Trump Trades

Bitcoin to fall W/W as post-Fed dip extends, government shutdown looms

Bitcoin to fall W/W as post-Fed dip extends

APOS

BRPHF

DJTWW

FOUR

FOXA

GOOG

GREE

LBRT

MSFT

PSQH

PYPL

ROIV

SDIG

SEZL

Screenshot 2024-10-29 at 5.30.18 PM

Emerging Markets

ROKU

What Opportunities Could The Disruptive Pace Of Technology Today Present? Hear From Cathie Wood At Crossroads Summit On Cutting Through The Chaos

Press Releases

MarketVector Indexes Launches COIN50 Index in Partnership with Coinbase to Establish the Digital Asset Index Benchmark

Legal

DEADLINE ALERT for ALLR, and COIN: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders

DEADLINE ALERT for COIN, NFE, DPZ: Law Offices of Howard G. Smith Reminds Investors of Class Actions on Behalf of Shareholders

Webull to Expand Access to Crypto Futures with Coinbase Derivatives

Coinbase Policy Chief Expects U.S. Crypto Legislation In New Year

Coinbase to Participate in Goldman Sachs Financial Services Conference

Coinbase to Participate in 51st Nasdaq London Investor Conference

Crypto Stocks Surge As Bitcoin Rises Above $100,000

Coinbase Global, Inc. Investors: Please contact the Portnoy Law Firm to recover your losses. November 12, 2024 Deadline to file Lead Plaintiff Motion

Artificial Intelligence Substantial Influence on Data Center Industry Redefining Operations

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