How bitcoin ETFs might benefit Coinbase could be more about a shift in market sentiment, and less about added revenue.
Coinbase would likely benefit from improved market sentiment if a spot bitcoin ETF is approved, which could boost retail revenues.Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Approval of spot bitcoin ETFs could be a boon for Coinbase, but not because it will drive a significant increase in revenues, some analysts predict.
Approval of bitcoin ETFs"is enormously important for institutional adoption which I think then allows for broader adoption," he said.Berenberg Capital Markets analyst Mark Palmer and his colleagues view the future of ETFs associated with Coinbase with some pessimism.
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