Bitcoin is rising, and Coinbase stock is skyrocketing!

Bitcoin is rising, and Coinbase stock is skyrocketing!
The impact of ETFs on exchanges is significant.
So, will Coinbase stock continue to rise?
1️⃣ Impact of ETFs on exchanges
ETFs will diminish the power of exchanges.
The reason is simple. People no longer need to open accounts on exchanges to buy Bitcoin. Those with accounts at any investment bank can invest in Bitcoin through ETFs.
This will certainly reduce the power of exchanges.
2️⃣ The correct and secure method
The safest method is still through exchanges.
Because you're acquiring actual Bitcoin, and even if the exchange were to fail, you wouldn't incur any losses once you've withdrawn to your own wallet. However, there's personal responsibility involved (not losing your password). Those unwilling to take this risk trust companies like BlackRock and Fidelity.
Trusting these companies essentially means trusting the U.S. government.
3️⃣ What about Coinbase?
Most of Coinbase's revenue comes from institutional clients.
All of the following ETF companies utilize Coinbase:

• BlackRock
• Greyscale
• Ark/21 Shares
• Bitwise
• Wisdom Tree
• Invesco
• Valkyrie
• Global X
• Franklin Templaton

So, when these companies demand Bitcoin ETFs, Coinbase provides the service. Naturally, this boosts their revenue.
✅ Conclusion
Will Coinbase stock appreciate further?
As long as entries into ETFs continue, their revenue will keep increasing. Additionally, those who want to use exchanges prefer Coinbase in the U.S. because it's the only publicly traded exchange, under SEC scrutiny.
Already, its popularity has surged on the App Store this week.
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