Institutional investors are looking beyond BTC, ETH, says Coinbase exec

Institutional investors may be more open to crypto assets other than Bitcoin (BTC) and Ethereum (ETH), says David Duong, Head of Institutional Research, at Coinbase. According to Duong, nearly half of all institutional flows on Coinbase are directed toward assets other than BTC and ETH. He made these comments during a live chat with crypto […]

Institutional investors may be more open to crypto assets other than Bitcoin and Ethereum , says David Duong, Head of Institutional Research, at Coinbase.

“I think what’s happening right now tends to be a lot more macro-focused, in so far as, I think what people don’t realize is this just seasonally a weaker period for a lot of risk assets because we’re in between that period where people have their bonus payments, putting money into their 401ks, and right before we’re getting a lot of checks being cut for tax season.”Mark Yusko, the founder, and CEO of investment advisor Morgan Creek Capital Management, also appeared on the show.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CryptoAmb /  🏆 22. in CA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BTC and ETH see declining whale interest, is another bear cycle imminent?Bitcoin’s total number of whales reached a three-year low at press time. However, several on-chain metrics favored the bulls and suggested an uptrend. Santiment’s analyst, in a 3 March YouTube stream, pointed out the dwindling interest of the whales in Bitcoin [BTC] and Ethereum [ETH]. As BTC’s price increased a few days ago, whales continued […]
Read more »

Ethereum [ETH] traders embrace higher leverage to boost earningsETH’s latest liquidations indicate a bullish bias among investors. The king alt is back to uncertainty amid a fall in demand and sell press pressure. ETH is experiencing a surge in leverage trades following the volatility and demand slowdown since early February. A contrast to its performance in January, but recent observations suggest an increased […]
Read more »

Chainlink: Base integration, underwater prices, and its effects on LINKChainlink has integrated its price feeds with Base. LINK’s price is expected to decline further as buying momentum waned. On 3 March, leading oracle network Chainlink [LINK] announced the integration of its price feeds with the newly launched Base testnet, the Ethereum [ETH] Layer 2 blockchain owned by crypto exchange Coinbase. 🔵 BuildOnBase by Coinbase has […]
Read more »

Ethereum [ETH] investors’ reaction to the recent price swingsEthereum has fallen by over 5% in the past couple of days. Ethereum exchange supply has fallen to its lowest in almost five years. Ethereum [ETH] got off to a great start this year, working to regain the positions it had lost over the previous few months. Recent price movements, however, have stopped the increasing […]
Read more »

Voyager sells ETH; should short-term Ethereum holders be worried?Voyager currently holds nearly 148,774 ETH, over $57 million worth of SHIB, and 1.44 million LINK. ETH accumulation increased and metrics remained bullish. Twitter account Lookonchain revealed an interesting transaction that happened on 5 March 2023. As per the tweet, Voyager continued to dump its holdings as it sold 1,449 Ethereum [ETH], worth over $2 […]
Read more »

Bitcoin’s [BTC] price struggles continue as analysts warn of further dropBTC long liquidations rose to their highest position since August 2022. Analysts believe that a decline in BTC’s price is imminent. Following the sharp decline in Bitcoin’s [BTC] price in the early trading hours of 3 March, long liquidations soared to a seven-month high, data from Coinglass showed. The drop in value was triggered by […]
Read more »