Bitcoin ETF

Bitcoin

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<img width="1260" height="710" src="https://coingape.com/wp-content/uploads/2024/02/Bitcoin-ETF-2.jpg" class="attachment-full size-full wp-post-image" alt="Bitcoin ETF" decoding="async" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/02/Bitcoin-ETF-2.jpg 1260w, https://coingape.com/wp-content/uploads/2024/02/Bitcoin-ETF-2-300x169.jpg 300w, https://coingape.com/wp-content/uploads/2024/02/Bitcoin-ETF-2-1224x690.jpg 1224w, https://coingape.com/wp-content/uploads/2024/02/Bitcoin-ETF-2-768x433.jpg 768w, https://coingape.com/wp-content/uploads/2024/02/Bitcoin-ETF-2-678x381.jpg 678w, https://coingape.com/wp-content/uploads/2024/02/Bitcoin-ETF-2-150x85.jpg 150w" sizes="(max-width: 1260px) 100vw, 1260px">
<p>Bitcoin ETF has seen a huge influx in capital in the past weeks. The hype around the ETF has resulted in more investors trying to hop on the crypto bandwagon via traditional institutions. A recent Yahoo Finance <a rel="nofollow" href="https://finance.yahoo.com/video/coinbase-see-benefits-marketing-bitcoin-164934339.html" target="_blank">report</a> shows that Coinbase is benefitting significantly from the hype around Bitcoin ETF.</p> 
<h2 id="coinbase-retail-investors-surge-as-bitcoin-etf-improves-sentiments">&nbsp;Coinbase Retail Investors Surge as Bitcoin ETF Improves Sentiments</h2> 
<p><a rel="nofollow" href="https://investor.coinbase.com/financials/quarterly-results/default.aspx" target="_blank">Coinbase</a> saw a surge in its stock price last week after swinging to profit for the first time after 2021. The company also saw Q4 institutional transaction revenue ascending to $37 million. It was up 161% quarter on quarter suggesting an increase in investor traction. Institutional trading volume for the same time also increased by 92% q-o-q, in line with the US spot market. According to a Yahoo Finance interview, the overall increase in Coinbase’s institutional transactions was a ripple effect of the hype around the approval of Bitcoin ETFs. The interview report further highlights that we are also beginning to see an increasing number of retail investors for the future of the crypto exchange’s earnings.</p> 
<h2 id="will-bitcoin-etf-hype-influence-coinbase-s-future-earnings">Will Bitcoin ETF Hype Influence Coinbase’s Future Earnings?</h2> 
<p>Bitcoin ETFs have improved investor sentiments around the OG-crypto currency. Not only did the approval provide legitimacy to Bitcoin, but it also bridged the gap between traditional traders and decentralized markets. With the current push in its retail investor numbers, Coinbase will likely see an upward trend in retail trading as and when ETFs gain more hype.</p> 
<h2 id="bitcoin-etfs-mark-record-inflows">Bitcoin ETFs Mark Record Inflows</h2> 
<p>A recent <a href="https://coingape.com/breaking-bitcoin-and-ethereum-set-record-with-2-45-billion-inflow/" target="_blank" rel="noopener">CoinShares</a> report showed that Bitcoin ETFs marked record inflows in a week. The report highlighted that Bitcoin ETFs witnessed around $2.4 billion in weekly inflows, making a record number and also indicating strengthened investor sentiments. This also comes at a time when Blackrock’s IBIT had previously ranked in the top list of the overall ETF market.</p> 
<p>The hype around Bitcoin ETFs has caused more and more institutional investors to jump on the crypto bandwagon. At present the future looks bright for a lot of cryptocurrencies right now, with&nbsp;<a href="https://coingape.com/bitcoin-to-likely-perform-well-in-2024-as-market-turns-bullish-report/" target="_blank" rel="noopener">Bitcoin</a>&nbsp;leading the pack. Numerous organizations have been speculating that the OG-crypto’s pricing may increase in the future. This includes the prediction from Bitwise that the price of Bitcoin will rise above $80,000 in 2024. Institutional investment in Bitcoin will remain the primary emphasis, at least until the first half of 2024, according to Coinbase. Today’s weekly inflow report further cements the idea that Bitcoin might its all-time high bullish level in the upcoming months of 2024.</p> 
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<p>The post <a href="https://coingape.com/bitcoin-etf-hype-is-likely-impacting-coinbases-popularity-among-retail-investors/">Bitcoin ETF Hype is Likely Impacting Coinbase’s Popularity Among Retail Investors</a> appeared first on <a href="https://coingape.com">CoinGape</a>.</p>

Bitcoin ETF Hype is Likely Impacting Coinbase’s Popularity Among Retail Investors

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