Coinbase gives a neutral outlook on the Q2 market, citing macroeconomic uncertainty.

ZkProver · 2026-04-08T02:16:52+00:00

Coinbase Institutional maintains a neutral outlook on the second quarter market due to increased macro and geopolitical uncertainties. Cash holdings have risen to 4.3%, with Bitcoin performing steadily overall. Institutional holdings account for 38%, up from 24%, with Morgan Stanley becoming the first major bank to issue a spot Bitcoin ETF.

ZkProver

2026-04-08 02:16:52

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ChainCatcher message, according to a report by Cryptopolitan, Coinbase Institutional has issued a neutral outlook for the second-quarter market, because macro and geopolitical uncertainties such as the Iran conflict make forecasts highly unreliable.

Coinbase cites a survey of Bank of America fund managers showing that cash holdings increased by nearly one percentage point month-over-month to 4.3%, the fastest accumulation pace in five years. Despite a recent drop of three to four standard deviations in the S&P 500, Bitcoin has only seen a one-standard-deviation pullback, demonstrating relatively strong resilience. U.S. spot Bitcoin ETFs recorded net inflows of about $471 million on April 6, the strongest single-day performance in six weeks. In that period, BlackRock’s IBIT led the way.

The institutional holdings share has risen from 24% one year ago to about 38%. Hedge funds, pension funds, and others together hold more than $40 billion in shares. Starting April 8, Morgan Stanley began issuing its Bitcoin ETF through the New York Stock Exchange, becoming the first U.S. large bank to directly launch a spot Bitcoin ETF.

BTC4.77%

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