Bitcoin ETF

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<p>The post <a href="https://coinpedia.org/news/blackrock-likely-to-invest-more-in-coinbase-say-pro-xrp-lawyer/" rel="noopener noreferrer nofollow">Blackrock Likely to Invest More in Coinbase Say Pro-XRP Lawyer</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>A Pro XRP Lawyer John Deaton, who represents numerous XRP token holders, has made a noteworthy prediction regarding Blackrock’s equity investment in the popular cryptocurrency exchange, Coinbase.&nbsp;</p>
<p>This analysis comes at a pivotal moment, coinciding with the plans of a majority of spot Bitcoin ETF applicants awaiting approval from the US Securities and Exchange Commission (SEC), who are eyeing Coinbase as their preferred custodial services provider.</p>
<h2 class="wp-block-heading" id="h-coinbase-s-appeal-to-institutional-investors">Coinbase’s Appeal to Institutional Investors</h2>
<p>As the prospect of a spot Bitcoin ETF approval looms, Coinbase finds itself in a robust position, with several institutional investors poised to benefit significantly from SEC approval.&nbsp;</p>
<p>According to <a href="https://www.nasdaq.com/market-activity/stocks/coin/institutional-holdings" rel="noopener noreferrer nofollow">Nasdaq data</a>, major financial players such as Blackrock, Vanguard, Morgan Stanley, and Cathie Wood’s ARK Investment are among the top institutional holders of shares in the US-based crypto exchange.</p>
<p>Of the 682 institutional holders, Vanguard Group stands out, owning a substantial 13.21% of shares, while Blackrock holds a notable 7.82% stake. Coinbase’s appeal is further heightened by its potential role in managing custody services for the anticipated spot ETFs.</p>
<h2 class="wp-block-heading" id="h-blackrock-s-next-move-in-coin">Blackrock’s Next Move in $COIN</h2>
<p>Attorney John Deaton thinks Blackrock might want to increase its investment in Coinbase ($COIN). Coinbase is a top choice for many financial companies waiting for approval for spot <a href="https://coinpedia.org/news/impact-of-a-potential-spot-bitcoin-etf-approval-on-crypto-market-heres-what-traders-can-expect/" rel="noopener noreferrer nofollow">Bitcoin ETFs</a>. Deaton predicts that Blackrock’s investment in Coinbase will rise because of its position as the preferred custodian for major players like Blackrock, Grayscale, WisdomTree, and Valkyrie.</p>
<p>Deaton has consistently argued that big financial players are making strategic moves to get a strong foothold in the growing crypto world, anticipating the need for clear regulatory guidelines.&nbsp;</p>
<p>As the crypto landscape changes, Deaton’s predictions give insight into the plans of giants like Blackrock in the cryptocurrency market.</p>

Blackrock Likely to Invest More in Coinbase Say Pro-XRP Lawyer

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