Allspring Global Investments Reduces Coinbase Global Holdings

Institutional investor trims stake in cryptocurrency exchange platform

Apr. 2, 2026 at 7:08am by Ben Kaplan

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Allspring Global Investments Holdings LLC, a major investment management firm, reduced its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 14.1% in the fourth quarter of 2025, according to a recent SEC filing. The firm now owns approximately 198,947 shares of the cryptocurrency exchange's stock, valued at around $47 million.

Why it matters

Coinbase is one of the largest and most prominent cryptocurrency exchanges, and its stock performance is closely watched as a bellwether for the broader digital asset market. Institutional investors' trading activity in Coinbase shares can provide insights into broader sentiment and trends in the crypto industry.

The details

According to the SEC filing, Allspring Global Investments sold 32,681 shares of Coinbase Global during the fourth quarter, reducing its total position to 198,947 shares. This represents approximately 0.07% of Coinbase's outstanding shares. The filing did not provide specific reasons for Allspring's decision to trim its Coinbase holdings.

  • Allspring Global Investments reported the reduction in its Coinbase Global holdings in a 13F filing for the fourth quarter of 2025, which was published on April 2, 2026.

The players

Allspring Global Investments Holdings LLC

A major investment management firm that previously held a position in Coinbase Global, Inc.

Coinbase Global, Inc.

A U.S.-based company that operates one of the largest cryptocurrency exchange platforms.

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The takeaway

The reduction in Allspring Global Investments' Coinbase Global holdings suggests that some institutional investors may be taking a more cautious stance on the cryptocurrency exchange's stock, even as the broader digital asset market continues to evolve. This could signal potential volatility or uncertainty ahead for Coinbase and the crypto industry.