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JPMorgan Analyst Criticizes Coinbase's Lack of Insights Into Its ETF Business

Coinbase reported strong fourth-quarter earnings on Thursday, partly driven by the launch of the ten spot bitcoin exchange-traded funds (ETFs).

By Helene Braun|Edited by Aoyon Ashraf

Updated Mar 8, 2024, 9:42 p.m. Published Feb 16, 2024, 8:11 p.m.

Even though the launch of the ten spot bitcoin exchange-traded funds (ETFs) contributed to Coinbase’s better-than-expected fourth-quarter earnings, analysts at J.P. Morgan are skeptical if the benefits are as strong as the exchange makes them seem. (Alpha Photo/Flickr)