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Coinbase gets added to Renaissance Capital’s IPO ETF

Coinbase gets added to Renaissance Capital’s IPO ETF


Seeking Alpha
2021-04-16 16:46:59
Coinbase gets added to Renaissance Capital’s IPO ETF

Coinbase Global (COIN) has captured the eyes of market participants with its initial public offering on Wednesday of this week. One organization that has honed in on COIN is Renaissance Capital, which, effective Wednesday, April 21, 2021, is adding the latest IPO to its exchange traded fund Renaissance IPO ETF (IPO). See additional information.Below is a breakdown of five IPO-related exchange traded funds and how they have fared against each other for the past six months. Additionally, see a one-year chart performance as well.First Trust US Equity Opportunities ETF (FPX): +24.94%.Renaissance IPO ETF (IPO): +17.81%.First Trust International Equity Opportunities ETF (FPXI): +14.98%.Renaissance International IPO ETF (IPOS): +5.51%.Defiance NextGen SPAC IPO ETF (SPAK): +1.00%.In the debut of COIN, it popped nearly 72% intraday and ended the session ahead more than 30%. Furthermore, it also attracted the attention of Cathie Wood and ARK Invest, as ARK scooped up 350 million shares since its IPO.COIN is currently trading +5.33% midway into Friday’s session.Coinbase is not the

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