Coinbase ofrece una perspectiva neutral para el mercado del segundo trimestre, citando incertidumbre macroeconómica

Golden Finance reports, on April 8, according to Cryptopolitan, Coinbase Institutional gave a neutral outlook for the second quarter of the market, because macro and geopolitical uncertainties such as the Iran conflict make forecasts highly unreliable.
Coinbase cited a Bank of America fund manager survey, showing that cash holdings increased by nearly one percentage point in a single month to 4.3%, the fastest accumulation rate in five years. Despite the recent drop in the S&P 500 of three to four standard deviations, Bitcoin has only experienced a one standard deviation pullback, and has performed relatively resiliently. U.S. spot Bitcoin ETFs recorded approximately $471 million in net inflows 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 combined hold more than $40 billion in shares. Morgan Stanley, starting April 8, began listing its Bitcoin ETF on the NYSE, becoming the first U.S. large bank to directly issue a spot Bitcoin ETF.