Bitcoin ETFs, Ethereum Staking, Stablecoins Power Crypto Growth In 2024: Coinbase Report
Posted On October 17, 2024
In their joint “Q4 Guide to Crypto Markets,” Coinbase (NASDAQ:COIN) Institutional and Glassnode report a growing and maturing crypto market despite Bitcoin‘s (CRYPTO: BTC) range-bound price action over the last six months.
What Happened: Their analysis shows that despite the lack of strong price movements, the crypto market has shown signs of sophistication through successful spot ETFs, increased on-chain activity and higher trading volumes.
U.S. spot Bitcoin ETFs saw over $5 billion in net inflows during Q3, with total assets under management reaching nearly $60 billion by the end of the quarter, just nine months after their launch.
Ethereum (CRYPTO: ETH) has …
About The Author
