Coinbase Exec: Institutions Look Beyond Bitcoin And Ethereum

Bitcoin and Ethereum are making headlines again, and this time a Coinbase exec is involved as well. Check out the latest reports below.

One of Coinbase’s top executives says that institutional investors may be more open to crypto assets beyond Bitcoin (BTC) and Ethereum (ETH) than people realize.

Speaking in a live stream with crypto analyst Scott Melker, Coinbase’s head of institutional research David Duong made sure to explain the fact that nearly half of all the institutional flows on Coinbase are going toward assets other than BTC and ETH.

“My remit is broader than just Bitcoin, and what I’m seeing right now, just in terms of flows that we’re seeing from our institutional clients on our exchange, 55% of this is still on Bitcoin and ETH, but that would mean that the remainder is still in altcoins, so there’s still a lot of attention being paid to what’s happening in the rest of the ecosystem outside of just Bitcoin and Ethereum.”

It’s also been revealed that he said the following:

“That said, of course, Ethereum with be the next big event risk on the Shanghai fork, still on people’s radar.”

Duong says that at the moment, market conditions remain in relatively uncertain conditions due to macro reasons, seasonality and the potential for crypto to decorrelate from other risk assets.

It has been revealed the fact that Morgan Creek Capital CIO Mark Yusko says that Bitcoin (BTC) could be on the verge of entering a fresh bull market.

In a new interview with popular crypto analyst Scott Melker, the hedge fund veteran made sure to explain the fact that he believes the lead-up to Bitcoin’s halving event will likely ignite bullish price action.

“But I will argue spring, summer right around the corner, my guess is May-ish, June-ish, nine months before the halving. And that’s the way it goes.”