He points out that outflows from ETFs – driven by Grayscale’s Bitcoin Trust (GBTC) – outpaced the inflows for the funds that Coinbase provides custodial services for, dragging down Coinbase’s ETF-related assets under management (AUM). In addition, spot volumes on the exchange have slowed after the initial excitement surrounding the ETF launch, Dolev said.
Source: https://www.coindesk.com/business/2024/02/14/coinbase-to-report-strong-earnings-muted-benefits-from-etf-hype-analysts-say/?utm_medium=referral&utm_source=rss&utm_campaign=headlines