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

MarsBitNews · 2026-04-08T02:19:28+00:00

Coinbase Institutional has a neutral outlook on the second quarter market due to geopolitical uncertainties affecting forecasts. Despite a significant drop in the S&P 500, Bitcoin performed relatively well, and institutional holdings increased to 38%. Morgan Stanley launched a Bitcoin ETF, becoming the first major U.S. bank to directly issue one.

MarsBitNews

2026-04-08 02:19:28

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Mars Finance news: According to Cryptopolitan, Coinbase Institutional gave a neutral outlook for the second-quarter market, because macro and geopolitical uncertainties—such as the Iran conflict—make forecasts highly unreliable. Coinbase cited a survey of fund managers by Bank of America, which found that cash holdings rose by nearly one percentage point month-over-month to 4.3%, the fastest accumulation rate in five years. Despite a recent decline in the S&P 500 of three to four standard deviations, Bitcoin has only seen a one-standard-deviation pullback, showing 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, with BlackRock’s IBIT leading the way. The share of institutional holdings has risen from 24% a year earlier to about 38%; hedge funds, pension funds, and others together hold more than $40 billion in shares. Institutional holdings have also increased. Morgan Stanley, starting April 8, listed its Bitcoin ETF on the NYSE, becoming the first major U.S. bank to directly issue a spot Bitcoin ETF.

BTC4.77%

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