Coinbase's stock is due for a 40% drop even if bitcoin ETFs are approved, Bank of America says
DownvoteThe recent rally by Coinbase will not be supported by second-quarter earnings or the approval of bitcoin ETFs, according to Bank of America. Coinbase's core business has been under pressure over the past year, with trading volumes remaining low as bitcoin and other cryptocurrencies are stuck in a bear market. The company was also sued by the Securities and Exchange Commission…