Good news for Coinbase? Bitcoin ETF activity has been ‘additive’ to crypto demand, says Robinhood CFO
One of the big concerns for investors in Coinbase Global is that, despite the company having a role in many of the spot bitcoin exchange-traded funds that were launched, the new way of acquiring cryptocurrencies would hurt its main crypto brokerage.
At one competitor, that’s not been the case. Robinhood Markets HOOD CFO Jason Warnick said the spot bitcoin ETF hasn’t hurt demand elsewhere.
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