Barclays Bank: We see no positive factors for the growth of Coinbase shares

That said, June shows only a slight improvement over May. More to the point, July’s numbers are trending down from June.

In analyzing the recent performance of Coinbase stock, Barclays cautioned: significant gains following news of BlackRock’s promoted spot bitcoin exchange-traded fund (ETF) may not accurately reflect the potential impact on Coinbase’s future financial report.

Barclays analysts remain optimistic about the long-term prospects for returns on Coinbase securities