Coinbase Chief Legal Officer: Regulators may soon approve Bitcoin ETFs

ChainCatcher news, Coinbase Chief Legal Officer Paul Grewal stated in an interview with CNBC that Coinbase is confident in the U.S. Securities and Exchange Commission's approval of a Bitcoin ETF. Although he did not disclose a specific timeline, he mentioned that the regulatory agency might approve the Bitcoin ETF soon and emphasized that the regulators failed to prevent Grayscale from converting its GBTC Bitcoin fund into an ETF in court.