Bank of America sees upside to stocks including Advanced Micro Devices, American Express and Exelon.
The electric car maker reported no new sales or purchases of bitcoin in the third quarter.
Digital currency customers grew to 1,305 from 928 in the year-earlier period.
Guggenheim’s CIO said he’s out of bitcoin as he can’t understand what’s happening with the cryptocurrency markets.
Bakkt began trading under the ticker symbol “BKKT” on the New York Stock Exchange.
The crypto exchange had more than 1.35 million sign-ups for its waiting list, four times the number of OpenSea users, according to an analyst’s note.
“For us, honestly it’s just not a huge part of the business,” CEO James Gorman said on the bank’s earnings call.
Autonomous Research gave COIN a $160 price target in contrast to the much more bullish estimates from other firms.
The bank outlines winners and losers from NFTs in its latest “Disruptive Innovations” report.