He factors out that outflows from ETFs – pushed by Grayscale’s Bitcoin Belief (GBTC) – outpaced the inflows for the funds that Coinbase supplies custodial companies for, dragging down Coinbase’s ETF-related belongings underneath administration (AUM). As well as, spot volumes on the alternate have slowed after the preliminary pleasure surrounding the ETF launch, Dolev mentioned.
The publication comes as Bitcoin, the oldest and largest blockchain, has attracted hordes of builders attempting so as to add...
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