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Coinbase looking into supporting ETFs; Analyst warns it may not be ideal
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The crypto market has been witnessing tremendous interest flowing in and the businesses have been trying to meet the demands with various products. Coinbase, one of the largest centralized exchanges, might be looking into supporting exchange-traded funds.
According to Bloomberg Analyst, Eric Balchunas, who revealed this information tweeted,
“JUST IN: Coinbase looking into supporting ETFs on platform. On one hand I get, but on the other who in their right mind would pay 1.49% to trade a bitcoin ETF?”
Source: Twitter
While Coinbase considers launching $BITO trading, as pointed by the senior analyst, its high trading fees could be a hindrance for users.
Bitcoin futures ETF have remained popular among crypto users and those in the United States
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