{"id":41765,"date":"2025-08-12T15:17:00","date_gmt":"2025-08-12T15:17:00","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=41765"},"modified":"2025-08-12T15:17:00","modified_gmt":"2025-08-12T15:17:00","slug":"coinbase-to-benefit-from-institutional-interest-in-eth-says-bernstein","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=41765","title":{"rendered":"Coinbase To Benefit From Institutional Interest In ETH, Says Bernstein"},"content":{"rendered":"<div>\n<p>The alt season is officially underway, with ETH (Ethereum) leading the charge in institutional interest.<\/p>\n<p>Bernstein, a recognised research and brokerage firm, has <a class=\"general-link\" href=\"https:\/\/uk.finance.yahoo.com\/news\/coinbase-becoming-major-ethereum-focused-141652112.html\" target=\"_blank\" rel=\"noopener nofollow\">backed <\/a>ETH-native platforms like Coinbase to benefit from the current market dynamics.<\/p>\n<p>Bernstein <a class=\"general-link\" href=\"https:\/\/www.theblock.co\/post\/365255\/bernstein-says-q2-is-the-quarter-that-doesnt-matter-for-coinbase-as-stock-tumbles-15-per-cent-post-earnings\" target=\"_blank\" rel=\"noopener nofollow\">issued <\/a>a client memo on 11 August 2025, highlighting an 80% surge in ETH since 5 June 2025. This was parallel to <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/presales\/circle-ipo-blows-up-usdc-issuer-rockets-168-stock-price-on-nyse-debut\/\" target=\"_blank\" rel=\"noopener\">Circle\u2019s successful IPO<\/a>, suggesting ETH\u2019s growing domination in stablecoin issuance.<\/p>\n<p>In the memo, Gautam Chhugani, an analyst at Bernstein, stated, \u201cIn crypto lingo, this market structure is called the \u2018alt rally\u2019, i.e. when digital assets other than bitcoin rally stronger relative to bitcoin.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bernstein says Coinbase is set to benefit most as ETH climbs to multi-year highs and alt season begins. ETH strength is lifting trading volumes, staking revenue, and overall activity across the Ethereum ecosystem.<\/p>\n<p>For <a href=\"https:\/\/twitter.com\/aave?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">@aave<\/a>, this means higher lending demand can occur, more\u2026 <a href=\"https:\/\/t.co\/8JU40aKsWm\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/8JU40aKsWm<\/a><\/p>\n<p>\u2014 darknight.eth (@darknight_ethh) <a href=\"https:\/\/twitter.com\/darknight_ethh\/status\/1955090503814283673?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">August 12, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Since last week, the rally has kicked up a notch, with ETH breaching the $ 4,000 mark for the first time in eight months, briefly topping $4,350 before stabilising near $4,186.<\/p>\n<div class=\"cpp-crypto-chart cpp-crypto-chart-99btc cpp-crypto-chart-eth\" data-coin-symbol=\"eth\" data-price-usd=\"ETH Price (USD)\" data-main-color=\"#4caf05\" data-watermark-image=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/99bitcoins-logo.png\" data-chart-style=\"99btc\">\n<div class=\"cpp-chart-top-section\">\n<div class=\"cpp-chart-info-section\">\n<div class=\"cpp-chart-logo\"><img decoding=\"async\" src=\"https:\/\/cimg.co\/coinlogo\/4\/5b7fc72f06f17.svg\" alt=\"eth logo\"><\/div>\n<div class=\"cpp-chart-coin-details\">\n<div class=\"cpp-chart-labels-row\">\n<div class=\"cpp-chart-coin-name\">Ethereum<\/div>\n<div class=\"cpp-chart-price-info\">Price<\/div>\n<div class=\"cpp-chart-market-cap\">Market Cap<\/div>\n<\/div>\n<div class=\"cpp-chart-values-row\">\n<div class=\"cpp-chart-coin-symbol\">ETH<\/div>\n<div class=\"cpp-chart-price\"><\/div>\n<div class=\"cpp-chart-market-cap-value\">$529.65B<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"cpp-chart-selectors cpp-chart-selectors-99btc\"><span class=\"cpp-chart-selector\" data-period=\"24h\">24h<\/span><span class=\"cpp-chart-selector\" data-period=\"7d\">7d<\/span><span class=\"cpp-chart-selector\" data-period=\"30d\">30d<\/span><span class=\"cpp-chart-selector\" data-period=\"1y\">1y<\/span><span class=\"cpp-chart-selector\" data-period=\"all_time\">All time<\/span><\/div>\n<\/div>\n<p><canvas id=\"cpp-chart-689b576fa5c3b\" class=\"cpp-chart-container cpp-chart-container-99btc\"><\/canvas><\/div>\n<p><strong>EXPLORE:<\/strong>\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Best New Cryptocurrencies to Invest in 2025<\/a><\/p>\n<h2>What\u2019s Coinbase\u2019s Play?<\/h2>\n<p>With institutional interest in ETH on the up, Coinbase is perched, looking pretty to take advantage of the situation. The platform has over 250 tokens with Base-chain integrations that make it possible for it to be an active participant in ETH\u2019s resurgence.<\/p>\n<p>\u201cWe believe the alt rally has commenced and Coinbase will be the biggest beneficiary, given its long list of 250+ tokens listed and now the long-tail of Base chain tokens integrated in the Coinbase App,\u201d Chhugani noted.<\/p>\n<p>Coinbase heavily skews a lot of its operations towards ETH. Take its staking operations, for example, through which it derives more than 10% of its revenue. In addition to this, its layer 2 blockchain, Base, processes over 9 million transactions daily.<\/p>\n<p>Furthermore, the chain generates an estimated $75 million in sequencer fees that flow back to Coinbase. The chain\u2019s embedded token economy also boosts trading activity across the platform.<\/p>\n<p>In its memo, Bernstein declared that Q2 didn\u2019t matter and dismissed Coinbase\u2019s 15% stock drop in late July as a one-off since the crypto market had not fully found its footing.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bernstein analysts predict Coinbase will benefit most from ETH\u2019s rally to multi-year peaks and alt season begins, positioning the crypto exchange to leverage surge in trading volume from supported tokens and staked assets. <a href=\"https:\/\/t.co\/RscvLQGML7\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/RscvLQGML7<\/a><\/p>\n<p>\u2014 Dani Gigante (@Dsgigante) <a href=\"https:\/\/twitter.com\/Dsgigante\/status\/1955187974192107989?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">August 12, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Notably, by July, the trading volumes had climbed 40% above Q2 averages, suggesting a renewed market demand. Bernstein\u2019s memo framed Q3 and Q4 as the performance benchmark that investors should look out for.<\/p>\n<p>\u201cFrom a revenue materiality standpoint, a rising ETH, followed by several ETH-linked ecosystem tokens, leads to a surge in trading volume and fees for Coinbase,\u201d explained Chhugani.<\/p>\n<p>Given Coinbase\u2019s transaction-driven revenue model, a persistent ETH rally could outperform its revenue projections.<\/p>\n<p><strong>EXPLORE:\u00a0<\/strong><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">10+ Crypto Tokens That Can Hit 1000x in 2025<\/a><\/p>\n<h2><strong>Institutional Interest In ETH Follows BTC\u2019s Playbook<\/strong><\/h2>\n<p>Zooming back a little, it seems likely that ETH is tracing BTC\u2019s institutional path. According to Bernstein, BTC\u2019s evolution from spot ETF to balance sheet adoption is being studied and followed by ETH.<\/p>\n<p>Additionally, the research firm highlights the rise of ETH-focused treasuries, mirroring Michael Saylor Strategy\u2019s BTC play as a new avenue for investment exposure.<\/p>\n<p>While analysts at Bernstein highlight that it is still early in the crypto bull cycle, several investment opportunities stand to gain as volumes rise and crypto moves further into the mainstream.<\/p>\n<p><strong>EXPLORE:\u00a0<\/strong><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Top 20 Cryptos to Buy in August 2025<\/a><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Bernstein analysts comment that the alt-season is officially on    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Coinbase has a unique position to take advantage of ETH\u2019s resurgence    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Bernstein suggests that ETH\u2019s institutional take-off is taking a page out of BTC\u2019s playbook     <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/coinbase-to-benefit-from-institutional-interest-in-eth-says-bernstein\/\">Coinbase To Benefit From Institutional Interest In ETH, Says Bernstein<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The alt season is officially underway, with ETH (Ethereum) leading the charge in institutional interest. Bernstein, a recognised research and brokerage firm, has backed ETH-native platforms like Coinbase to benefit from the current market dynamics. Bernstein issued a client memo on 11 August 2025, highlighting an 80% surge in ETH since 5 June 2025. This [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-41765","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41765"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41765\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}