Recent data reveals a growing institutional interest in cryptocurrencies, reflected in the increasing ETF assets managed by Coinbase.
Institutional Investors' Interest in Cryptocurrencies
According to Coinbase CEO Brian Armstrong, cryptocurrency assets held in ETFs have reached $140 billion. Coinbase manages 81% of that total, highlighting its role in institutional finance. Armstrong emphasized that this trend indicates increasing interest from institutional investors.
New ETFs and Their Market Impact
Nate Geraci, president of ETF Store, noted that new Bitcoin ETFs continue to experience substantial inflows. In the past two weeks, there has been a steady stream of capital into crypto ETFs, totaling $4.6 billion. Over 50 new ETF applications have been submitted this year, indicating a sustained demand for cryptocurrencies.
Coinbase's Outlook and New Products
Coinbase is also preparing new derivatives for U.S. investors. On July 21, perpetual-style futures contracts tied to spot prices will be launched, including two nano contracts for Bitcoin and Ether. This shows that Coinbase is actively expanding its offerings for institutional clients.
With the active adoption of ETFs and the use of Coinbase for asset custody, institutional investment in cryptocurrencies continues to rise. Coinbase plays a key role in this new era of crypto finance.
