Coinbase CEO Reacts to Major Crypto Institutional Milestone: Details

Coinbase CEO Brian Armstrong took to X to share revealing stats as institutional crypto adoption gains momentum.

Armstrong mentioned that U.S.-based exchange-traded funds (ETFs) currently hold $140 billion in cryptocurrency, representing a major leap in institutional involvement. Of that amount, 81% is secured with Coinbase.

According to Nate Geraci, the ETF Store president, another half billion flowed into spot BTC ETFs, totaling $1.3 billion for the week, marking 14 straight days of inflows that have now reached $4.6 billion.

The Coinbase CEO also noted that more than 50 new ETF filings have been submitted since the start of the year, which Coinbase is tracking, signaling that the institutional crypto boom is far from done.

Our institutional team is crushing it - two awesome stats from our QBR this week:

1) 8 of the top 10 publicly traded companies with BTC on their balance sheet use Coinbase Prime.

2) There's $140B of crypto in US ETFs, and 81% of that is stored with Coinbase. Were tracking > 50…

— Brian Armstrong (@brian_armstrong) June 27, 2025

In one such recent move, Nate Geraci informs the crypto community that KraneShares has filed for Coinbase 50 Index ETF that would track the performance of the fifty largest and most liquid digital assets by market capitalization. Geraci predicts a “massive wave of crypto index ETF filings” coming.

According to Armstrong, 8 of the top 10 publicly traded companies holding Bitcoin (BTC) on their balance sheets are using Coinbase Prime — the exchanges institutional-grade custody and trading platform.

Coinbase to launch US perpetual-style futures

This week, Coinbase announced the imminent launch of U.S. perpetual-style futures on its derivatives exchange.

On July 21, Coinbase Derivatives will introduce U.S. Perpetual-Style Futures, a U.S. futures product suite that closely tracks spot prices, provides leverage and complies with CFTC regulations. This will be one of the first products of its kind in the United States, attempting to address a major need in the domestic derivatives market.

Coinbase will launch two contracts for trade on July 21: Nano Bitcoin Perpetual-Style Futures (0.01 BTC) and Nano Ether Perpetual-Style Futures (0.1 ETH).