COIN's future results are bound to benefit from the SEC's bitcoin ETF approvals, given the company's dominant role in these ETFs, ETFs facilitation/unlocking of increment institutional investing in crypto assets (now under 10%), as well as recent legal/financial woes impacting COIN's peers (re. Binance).
deeper cannibalization of high-margin spot bitcoin trading and/or share loss to brokers offering ETFs could offset future benefits, and warned that fundamentals are expected to serve as a painful reality check in coming quarters.
[
add
]
[
|
|
...
]