{"id":133096,"date":"2026-02-06T12:16:17","date_gmt":"2026-02-06T12:16:17","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=133096"},"modified":"2026-02-06T12:16:17","modified_gmt":"2026-02-06T12:16:17","slug":"99bitcoins-exclusive-we-cant-catch-a-break-says-coinbase-research-chief-analyzing-crypto-etf-outflows-euro-stablecoins-and-institutional-adoption","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=133096","title":{"rendered":"99Bitcoins Exclusive: \u201cWe can\u2019t catch a break,\u201d Says Coinbase Research Chief Analyzing Crypto ETF Outflows, Euro-Stablecoins And Institutional Adoption"},"content":{"rendered":"<p>\u201cWe can\u2019t catch a break,\u201d said David Duong, Head of Global Research, Coinbase Institutional, as he discussed the current state of the crypto market, institutional adoption and Euro-Stabelcoins.<\/p>\n<p><span>\u201cWe saw ETF outflows in December, and a big part of that had to do with tax loss harvesting and other things. I thought that we would see some of that recovery,\u201d said Duong. <\/span><span>\u201cRight now, I would say markets are unfortunately pinned by technical factors. And it is the challenge for a lot of people.\u201d<\/span><\/p>\n<p><span><\/span><\/p>\n<div class=\"chart crypto-chart-instance\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n<div class=\"chart__info-name\"><\/div>\n<div class=\"chart__info-symbol\"><\/div>\n<\/div>\n<div class=\"chart__info-current\">\n<div class=\"chart__info-price\"><\/div>\n<div class=\"chart__info-change\"><\/div>\n<\/div>\n<div class=\"chart__info-extra\">\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-marketcap\"><\/div>\n<\/div>\n<\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n\t\t\t\t<button class=\"chart__button chart__button--24h\">24h<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--7d\">7d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--30d\">30d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--1y\">1y<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--all-time\">All Time<\/button>\n\t\t\t<\/div>\n<\/div>\n<\/div>\n<div class=\"chart__container\"><\/div>\n<\/div>\n<p><\/p>\n<p><span>\u201cI\u2019m still cautiously optimistic for the first half of 2026. I don\u2019t have a strong view on where I see crypto going in the second half of the year. And there are a lot of reasons for that. I think that there are certain things right now that I just can\u2019t price in. What could happen with midterms in the US, for example? Or what happens with the market structure bill? I think that progress on that could still be meaningful. So I\u2019m watching to see whether that could be a potential catalyst for us into the second half of the year.\u201d<\/span><\/p>\n<p>David Duong, Head of Global Research, Coinbase Institutional said that he is optimistic that the bill will pass in 2026! \u201cI think that we\u2019ve already gotten stablecoin oversight. Market structure clarity is going to emerge too.&#8221; <a href=\"https:\/\/twitter.com\/hashtag\/clarityact?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#clarityact<\/a> <a href=\"https:\/\/t.co\/WUFL16O3ir\" target=\"_blank\" rel=\"noopener\">https:\/\/t.co\/WUFL16O3ir<\/a><\/p>\n<p>\u2014 Akriti Seth (@AkritiSethN) <a href=\"https:\/\/twitter.com\/AkritiSethN\/status\/2018329458189410345?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">February 2, 2026<\/a><\/p>\n\n<p><span>\u201cIt\u2019s going to be a ladder and that\u2019s going to be very helpful for crypto. And so I see that happening. I think the liquidity situation is showing signs (we produce our own custom M2 money supply index)\u00a0 that the highest regression tends to be a lag around 110 days. We\u2019re at an upward uptick for that. I think that those things definitely suggest to me that crypto should be doing better in the Q1 and possibly in the Q2 as well.\u201d<\/span><\/p>\n<p><strong>DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"noopener\">20+ Next Crypto to Explode in 2026<\/a><\/strong><\/p>\n<h2>On Euro-Stablecoins\u00a0<\/h2>\n<p><span>\u201cCertainly we\u2019ll see a diversification of stablecoins into other currencies. We\u2019re already seeing it. I think that there\u2019s announcements on our potential Renminbi stablecoin (RMB) and a potential Japanese yen stablecoin. And we do have Euro stablecoins already, like, EURC, for example, already exists.\u201d<\/span><\/p>\n<p><span>\u201cIt\u2019s really just the traction around it. I think that there\u2019s a lot of geopolitical economic factors that fall into this when people are thinking about it, because typically, the reason why the dollar still represents like 99% of all stablecoins out there is because the dollar remains the reserve currency of the world.\u201d<\/span><\/p>\n<p><strong>And you mentioned de-dollarization earlier. That\u2019s probably not going to last forever, but we don\u2019t know how long it\u2019s going to last. It could still potentially be generations long. And again, that has been accelerated in 2025. But for the most part, people don\u2019t know what the alternative to the dollar would be.<\/strong><\/p>\n<p><span>\u201cChina obviously would like that to be the Renminbi stablecoin (RMB), but it\u2019s a current account surplus country. And generally, what we\u2019ve seen is that you need to be a current account deficit country in order to be able to produce a reserve currency like the dollar, for example. So there are challenges on what\u2019s happening in Europe.\u201d<\/span><\/p>\n<p><span>\u201cEurope is still going through a very difficult difficult fiscal situation. I mean, it\u2019s not unique to Europe. It\u2019s happening globally. A lot of countries are going through it. Notably, it\u2019s been Japan over the last week that has grabbed the headlines. But we can\u2019t forget that France is dealing with, I believe, 150% of GDP levels. I mean, these are things that were a worry when we had the crisis back in 2012, for example.\u201d<\/span><\/p>\n<p><span>\u201cSo, I think that this is kind of the stumbling blocks on which the euro experiment. And I still say it\u2019s in that phase where even though it\u2019s been around for a very long time, they\u2019re trying to figure it out because we don\u2019t have euro bonds like in a unified eurozone kind of way. And there\u2019s a reason for that. There\u2019s still policies of these individual countries. So I think that these are the things that make it difficult. Whereas with the dollar, well, we have an yield curve.\u201d<\/span><\/p>\n<p><strong>DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coins\/\" target=\"_blank\" rel=\"noopener\">9+ Best Memecoin to Buy in 2026<\/a><\/strong><\/p>\n<h2><strong>\u201cInstitutional adoption has definitely gained momentum, and it\u2019s been doing so for years\u201d<\/strong><\/h2>\n<p><span>\u201cI work for the institutional side of Coinbase. So I\u2019ve gotten a first-hand view of these things.\u201d<\/span><\/p>\n<p><span>\u201cI\u2019ve been with Coinbase for the better part of 4 years now. And over that time, I can see the incremental changes that have been happening with institutions, not just with the access, but with their participation in these markets, it\u2019s grown very, very sharply. And this is why I always felt very confident about this. Anecdotally, I will tell you that I remember when 2022 happened and we\u2019re getting a lot of challenges. I\u2019m not going to go through all of them. I\u2019m sure you remember as well. But I would have friends, I used to work in TradFi, who would reach out to me and be like, are you doing okay? I was like, yes, I\u2019m fine. I actually, if anything, was very confident that things were going to be fine at the end.\u201d<\/span><\/p>\n<p>2025 definitely marked a very big breakthrough year for institutional access. 2026 will very likely see the next phase of that institutional adoption being built.<\/p>\n<p><span>\u201cThe investor base itself has also diversified. 2024, 2025, we saw spot ETFs. And I think these are definitely creating these durable, regulated, familiar on-ramp for investors.\u201d<\/span><\/p>\n<p><span>\u201cWe also got digital asset treasuries. And I think people are now more shy about talking about them, to be honest. But I still think they emerged as an important corporate balance sheet vehicle.\u201d<\/span><\/p>\n<p><span>\u201cWe\u2019re seeing the tokenization of real-world assets. Stablecoins are really penetrating the core financial workflows. People are now not just using stablecoins to trade with, but people are using it for payrolls. People are using it for cross-border payments. So this is the foundation that is going to support the growth and infrastructure of crypto payment rail in 2026.\u201d<\/span><\/p>\n<p><strong><span>DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"noopener\"><span>Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2026<\/span><\/a><\/strong><\/p>\n<p><span>    <\/span><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<p><span><br \/>\n        <\/span><\/p>\n<p><span><br \/>\n         In an <\/span><a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/99bitcoins-exclusive-clarity-act-will-pass-coinbase-research-chief-bullish-as-wall-street-and-crypto-titans-descend-on-dc\/\"><span>exclusive chat <\/span><\/a><span>with 99Bitcoins.com, David Duong, Head of Global Research, Coinbase Institutional said that he is optimistic that the CLARITY bill will pass in 2026!<\/span><\/p>\n<p><span><br \/>\n    <\/span><\/p>\n<p><span><br \/>\n         Importantly, the market wants the CLARITY Act to pass because it ends the regulation by enforcement era.<\/span><span><br \/>\n<\/span><span><br \/>\n    <\/span><\/p>\n<p><span><br \/>\n    <\/span><\/p>\n<p><span>    <\/span><\/p>\n<\/div>\n<p>    <\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/99bitcoins-exclusive-we-cant-catch-a-break-says-coinbase-research-chief-analyzing-crypto-etf-outflows-euro-stablecoins-and-institutional-adoption\/\">99Bitcoins Exclusive: \u201cWe can\u2019t catch a break,\u201d Says Coinbase Research Chief Analyzing Crypto ETF Outflows, Euro-Stablecoins And Institutional Adoption<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>\u201cWe can\u2019t catch a break,\u201d said David Duong, Head of Global Research, Coinbase Institutional, as he discussed the current state of the crypto market, institutional adoption and Euro-Stabelcoins. \u201cWe saw ETF outflows in December, and a big part of that had to do with tax loss harvesting and other things. I thought that we would [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-133096","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/133096"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=133096"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/133096\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=133096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=133096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=133096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}