Shares of Coinbase, the largest US cryptocurrency exchange, may lose value due to spot Bitcoin ETFs.
On an annual basis, according to MarketWatch data Approximately five times more valuable Coinbase shares are down 32% since the beginning of this year.
Leverage Shares analysts say Coinbase’s revenues Spot may fall due to Bitcoin ETFs he thinks.
Analysts, “While most spot Bitcoin ETFs take less than 0.4%, Coinbase takes 1.5%-4%.” said. Stating that investors can turn directly to spot Bitcoin ETFs, analysts say that Coinbase Income from Bitcoin transactions may decrease told.
However, the company will benefit in the long run is considered. Analysts, “Since Coinbase charges a storage fee on the total value of each account, not on the amount of Bitcoin, one of the things that determines the value of the funds held in custody is the price of Bitcoin.” said.