Coinbase believes that the launch of a spot Bitcoin ETF in the US was overrated and institutions are missing out on other promising areas.
The funds currently account for only 10-15% of total BTC spot trading volume on global centralized exchanges and only 3% of Bitcoin in circulation, the report said.

In addition, the SEC's requirement to settle in cash terms slowed the speed of transactions by creating a spread between ETF share prices and actual net asset value (NAV).

As an alternative for investors, Coinbase highlighted the DeFi segment, which has shown signs of recovery. As a result, this could have a positive impact on the Ethereum ecosystem, which accounts for more than half of TVL.

#Coinbase #ETF
Coinbase believes that the launch of a spot Bitcoin ETF in the US was overrated and institutions are missing out on other promising areas. The funds currently account for only 10-15% of total BTC spot trading volume on global centralized exchanges and only 3% of Bitcoin in circulation, the report said.

In addition, the SEC's requirement to settle in cash terms slowed the speed of transactions by creating a spread between ETF share prices and actual net asset value (NAV).

As an alternative for investors, Coinbase highlighted the DeFi segment, which has shown signs of recovery. As a result, this could have a positive impact on the Ethereum ecosystem, which accounts for more than half of TVL.

#Coinbase #ETF