Coinbase CEO Reacts to Major Crypto Institutional Milestone: Details
Coinbase CEO Brian Armstrong took to X to share revealing stats as institutional crypto adoption gains momentum.
Armstrong mentioned that U.S.-based exchange-traded funds (ETFs) currently hold $140 billion in cryptocurrency, representing a major leap in institutional involvement. Of that amount, 81% is secured with Coinbase.
According to Nate Geraci, the ETF Store president, another half billion flowed into spot BTC ETFs, totaling $1.3 billion for the week, marking 14 straight days of inflows that have now reached $4.6 billion.
The Coinbase CEO also noted that more than 50 new ETF filings have been submitted since the start of the year, which Coinbase…
