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Bernstein Sees Crypto Equities Bottoming Out
The Block·
Bernstein analysts suggest that crypto-related equities, including Coinbase and Robinhood, may be nearing a bottom, particularly as the first quarter earnings season approaches. This outlook comes despite significant weekly outflows from US Bitcoin ETFs, which have disrupted a four-week streak of global crypto fund inflows. The firm notes that these stocks are currently trading at substantial discounts, indicating a potential buying opportunity for investors. The divergence between ETF flows and equity valuations highlights a complex market dynamic.
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fintech
crypto
earnings
Original Source
The Block — theblock.co