Coinbase’s Chief Legal Officer, Paul Grewal, expresses optimism that the US SEC will approve bitcoin spot exchange-traded fund (ETF) applications, citing legal grounds. A spot bitcoin ETF would offer direct exposure to bitcoin’s price, contrasting with futures-based ETFs. If approved, asset managers would buy and store digital assets for clients, potentially driving up cryptocurrency prices.
Coinbase’s Grewal Is ‘Quite Hopeful’ That Bitcoin Spot ETFs Will be Approved
