Coinbase launches derivative combining crypto ETFs and big tech stocks

Coinbase has launched a derivative product that combines cryptocurrency exchange-traded funds (ETFs) with large-cap U.S. technology stocks, BeInCrypto reported. The product tracks the performance of the Magnificent Seven, a group of seven leading U.S. tech companies, alongside BlackRock's spot Bitcoin and Ethereum ETFs and Coinbase's own stock. This marks the first time a U.S.-listed derivative has offered direct spot exposure to both cryptocurrencies and major equities.