Coinbase threatened by bitcoin ETFs after almost 400% surge in stock last year

In this articleCOINBrian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023.Michael Nagle | Bloomberg | Getty ImagesNow that the SEC has approved the creation of bitcoin exchange-traded funds, Coinbase's position in the crypto market is poised to take a dramatic turn.In the weeks ahead, Coinbase will help shepherd some of the biggest names in asset management, including BlackRock, Franklin Templeton, and WisdomTree, i ...