We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
ETFs in Spotlight as Coinbase Lags Q4 Earnings & Revenue Estimates
Read MoreHide Full Article
Key Takeaways
Coinbase missed Q4 earnings and revenue estimates, with shares down nearly 65% since October 2025.
Transaction revenues rose 13.5%, but subscription and services revenues fell 36.8% year over year.
ETFs like CRPT hold notable Coinbase stakes, offering diversified exposure.
Shares of Coinbase Global, Inc. (COIN - Free Report) swung wildly in the early hours of the after-hours trading session on Feb. 12 and then edged slightly higher (as cited in a Yahoo Finance excerpt) following the company’s dismal fourth-quarter 2025 results. This crypto exchange failed to meet Wall Street analysts’ expectations on the top and bottom-line figures.
While COIN’s shares did post a slight rebound in the after-hours trading session, it is important to note that in the previous trading session, the stock lost nearly 8% on the bourses, primarily due to a slump in Bitcoin (BTC) prices.
Due to the steadily plummeting price of Bitcoin, the stock has lost almost 65% since early October 2025.
Against this backdrop, an investor may not feel particularly confident about investing in COIN at the moment. However, given that
Coinbase operates one of the largest cryptocurrency exchanges and brings deep expertise in digital assets, some investors may still prefer to maintain exposure to the stock — either directly or through exchange-traded funds (ETFs) with significant holdings in COIN.
As Coinbase remains optimistic about the long-term trajectory of the crypto industry, the basket approach will allow investors to capture potential upside in the stock while mitigating company-specific risks that could adversely impact profits during times of unprecedented crisis.
But before diving straight into these ETFs, let us analyze Coinbase’s overall fourth-quarter performance across key metrics, along with its outlook.
A Brief Analysis of COIN’s Q4 Results
Coinbase’s fourth-quarter earnings and revenues fell short of the consensus mark by 28.3% and 0.6%, respectively. On a year-over-year basis, the company witnessed a decline on both counts.
Segment-wise, its Transaction revenues grew 13.5% year over year, while the subscription and services unit suffered a 36.8% plunge in its top line.
In the fourth quarter, COIN hit an all-time high in USDC stored in Coinbase products, which helped USDC reach an all-time high market cap of about $75 billion. The company increased its bitcoin holdings by $39 million in the reported quarter, driven by weekly purchases for its crypto investment portfolio.
As of Dec. 31, 2025, the fair market value of Coinbase’s crypto assets held for investment had a fair market value of $2.0 billion, while those held as collateral were valued at $823 million.
The company aims to expand stablecoin utility with deeper product integrations in 2026, scaling out its payment infrastructure in Coinbase developer platform and Coinbase business.
For the first quarter of 2026, Coinbase expects to generate subscription and services revenues in the range of $550-$630 million, reflecting the impact of a lower average crypto price environment.
Coinbase-Heavy ETFs in Spotlight
First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT - Free Report)
This fund, with net assets worth $90.3 million, offers exposure to 21 companies from the crypto industry, including Bitcoin Exchange-Traded Products and Digital Economy companies. Of these, Coinbase carries the fourth spot, holding 10.21% of the fund.
This fund, with assets worth $73 million, offers exposure to 37 U.S. and non-U.S. companies that are involved in the development, innovation, and utilization of blockchain and crypto technologies. Of these, Coinbase carries the second spot, holding 8.21% of the fund.
This fund, with net assets worth $252.7 million, provides exposure to 35 companies that are positioned to benefit from further advances in the field of blockchain technology. Of these, Coinbase carries the fourth spot, holding 7.89% of the fund.
BKCH has surged 111.9% year to date. The fund charges 50 bps as fees.
This fund, with assets under management (AUM) worth $336.7 million, provides exposure to 29 companies involved in servicing the cryptocurrency markets, including crypto mining firms, crypto mining equipment suppliers, crypto financial services companies, or other financial institutions servicing primarily crypto-related clientele. Of these, Coinbase carries the third spot, holding 6.37% of the fund.
The fund charges 85 bps as fees.
Fidelity Crypto Industry and Digital Payments ETF (FDIG - Free Report)
This fund, with net assets worth $268.4 million, provides exposure to 76 companies that are engaged in activities related to cryptocurrency, related blockchain technology and digital payments processing. Of these, Coinbase carries the third spot, holding 4.63% of the fund.
The fund charges 39 bps as fees.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
ETFs in Spotlight as Coinbase Lags Q4 Earnings & Revenue Estimates
Key Takeaways
Shares of Coinbase Global, Inc. (COIN - Free Report) swung wildly in the early hours of the after-hours trading session on Feb. 12 and then edged slightly higher (as cited in a Yahoo Finance excerpt) following the company’s dismal fourth-quarter 2025 results. This crypto exchange failed to meet Wall Street analysts’ expectations on the top and bottom-line figures.
While COIN’s shares did post a slight rebound in the after-hours trading session, it is important to note that in the previous trading session, the stock lost nearly 8% on the bourses, primarily due to a slump in Bitcoin (BTC) prices.
Due to the steadily plummeting price of Bitcoin, the stock has lost almost 65% since early October 2025.
Against this backdrop, an investor may not feel particularly confident about investing in COIN at the moment. However, given that
Coinbase operates one of the largest cryptocurrency exchanges and brings deep expertise in digital assets, some investors may still prefer to maintain exposure to the stock — either directly or through exchange-traded funds (ETFs) with significant holdings in COIN.
As Coinbase remains optimistic about the long-term trajectory of the crypto industry, the basket approach will allow investors to capture potential upside in the stock while mitigating company-specific risks that could adversely impact profits during times of unprecedented crisis.
But before diving straight into these ETFs, let us analyze Coinbase’s overall fourth-quarter performance across key metrics, along with its outlook.
A Brief Analysis of COIN’s Q4 Results
Coinbase’s fourth-quarter earnings and revenues fell short of the consensus mark by 28.3% and 0.6%, respectively. On a year-over-year basis, the company witnessed a decline on both counts.
Segment-wise, its Transaction revenues grew 13.5% year over year, while the subscription and services unit suffered a 36.8% plunge in its top line.
In the fourth quarter, COIN hit an all-time high in USDC stored in Coinbase products, which helped USDC reach an all-time high market cap of about $75 billion. The company increased its bitcoin holdings by $39 million in the reported quarter, driven by weekly purchases for its crypto investment portfolio.
As of Dec. 31, 2025, the fair market value of Coinbase’s crypto assets held for investment had a fair market value of $2.0 billion, while those held as collateral were valued at $823 million.
The company aims to expand stablecoin utility with deeper product integrations in 2026, scaling out its payment infrastructure in Coinbase developer platform and Coinbase business.
For the first quarter of 2026, Coinbase expects to generate subscription and services revenues in the range of $550-$630 million, reflecting the impact of a lower average crypto price environment.
Coinbase-Heavy ETFs in Spotlight
First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT - Free Report)
This fund, with net assets worth $90.3 million, offers exposure to 21 companies from the crypto industry, including Bitcoin Exchange-Traded Products and Digital Economy companies. Of these, Coinbase carries the fourth spot, holding 10.21% of the fund.
The fund charges 85 basis points (bps) as fees.
iShares Blockchain and Tech ETF (IBLC - Free Report)
This fund, with assets worth $73 million, offers exposure to 37 U.S. and non-U.S. companies that are involved in the development, innovation, and utilization of blockchain and crypto technologies. Of these, Coinbase carries the second spot, holding 8.21% of the fund.
The fund charges 47 bps as fees.
Global X Blockchain ETF (BKCH - Free Report)
This fund, with net assets worth $252.7 million, provides exposure to 35 companies that are positioned to benefit from further advances in the field of blockchain technology. Of these, Coinbase carries the fourth spot, holding 7.89% of the fund.
BKCH has surged 111.9% year to date. The fund charges 50 bps as fees.
Bitwise Crypto Industry Innovators ETF (BITQ - Free Report)
This fund, with assets under management (AUM) worth $336.7 million, provides exposure to 29 companies involved in servicing the cryptocurrency markets, including crypto mining firms, crypto mining equipment suppliers, crypto financial services companies, or other financial institutions servicing primarily crypto-related clientele. Of these, Coinbase carries the third spot, holding 6.37% of the fund.
The fund charges 85 bps as fees.
Fidelity Crypto Industry and Digital Payments ETF (FDIG - Free Report)
This fund, with net assets worth $268.4 million, provides exposure to 76 companies that are engaged in activities related to cryptocurrency, related blockchain technology and digital payments processing. Of these, Coinbase carries the third spot, holding 4.63% of the fund.
The fund charges 39 bps as fees.