Coinbase reports Q4 net loss of $667M on $1.78B revenue, hit by weaker $983M trading vol. Custodian for spot BTC ETFs holding ~1.5M BTC (7% supply). Concerns on custody risks, but operational—not balance sheet. Watch flows ($4.57B outflows Nov-Dec). #BitcoinETFs
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Coinbase reports Q4 net loss of $667M on $1.78B revenue, hit by weaker $983M trading vol. Custodian for spot BTC ETFs holding ~1.5M BTC (7% supply). Concerns on custody risks, but operational—not balance sheet. Watch flows ($4.57B outflows Nov-Dec). #BitcoinETFs