Coinbase CEO Reacts to Major Crypto Institutional Milestone: Details — TradingView News
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 is tracking, signaling that the institutional crypto boom is far from done.
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