Public Keys: Coinbase Cashes In, IBIT Slips, and REX Spins Volatility Into Gold

Coinbase exceeded Q3 expectations with $1.9 billion in revenue, driven by increased trading volumes and profitable services such as its Ethereum L2 Base. Meanwhile, BlackRock's Bitcoin ETF, IBIT, experienced significant outflows of $290.8 million amidst volatility in Bitcoin prices dropping below $110,000. Despite this, IBIT maintains a strong cumulative inflow of $88 billion. REX Shares launched a new ETF, ULTI, aiming to capitalize on volatility from equities, including crypto companies, to generate weekly income through price swings. Coinbase's performance highlights how volatility can boost revenue, with transaction revenue of $1 billion and strong October figures. BlackRock's IBIT, while facing high outflows, remains a major player in the ETF market, and REX's innovative ETF indicates continued interest in crypto-related volatility as a financial strategy.

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