JMP Securities, which operates in many areas from investment banking in the USA to brokerage services for corporate companies, has again raised its opinion on Coinbase stock. The investment bank, which increased its COIN value forecast from $100 to $220 in December, has now moved the figure from 220 to 300.

“We expect $220 billion to ETFs”

The company’s analysts also stated in the customer evaluation note that they think the interest in Bitcoin spot ETFs will increase and that they expect an inflow of $220 billion in the next 3 years. As it is known, ETFs have so far received a net investment of $11 billion.

The Coinbase exchange also experienced significant value gains in this period, especially as it carries out the custody activities of companies issuing ETFs. Coinbase shares have risen more than 200% in the last 6 months and more than 360% in the last 1 year.

Bitcoin ETFs also received the largest daily investment since 11 January, when they started trading, with a net inflow of $1 billion yesterday. In this sense, BlackRock is by far ahead with $11 billion.

JMP Securities had previously made the comparison of “Amazon of the crypto world” for the Coinbase exchange.