Coinbase stock slips as bitcoin cools and Wall Street checks the fine print
Coinbase shares fell 1.6% to $246.50 by midday Wednesday as bitcoin and ether prices declined. Director Fred Wilson sold 10,000 shares for about $2.34 million under a pre-set plan, a filing showed. Analyst opinions split on whether Coinbase’s trading volumes are dropping too quickly. Morgan Stanley filed to launch bitcoin and solana ETFs, while Barclays invested in stablecoin startup Ubyx.