Coinbase comments on the approval of Bitcoin spot ETF: a watershed moment for the expansion of the crypto economy

2024-01-11 08:42:23

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ChainCatcher news, Coinbase officially stated that the U.S. SEC has approved 11 Bitcoin spot ETFs, 8 of which are in partnership with Coinbase, marking a watershed moment for the expansion of the crypto economy. Various Bitcoin spot ETFs launched by the world's largest asset management companies will attract a diverse range of new investors, stimulating long-term growth and product innovation.

Coinbase stated that cryptocurrencies will continue to exist, and Bitcoin spot ETFs will further expand the adoption of cryptocurrencies. Applications for Ethereum spot ETFs may soon be approved.

In response, Coinbase's Chief Legal Officer Paul Grewal also stated: "We should all thank Grayscale for resisting the SEC's arbitrary and capricious actions, which cleared the way for the approval of Bitcoin spot ETFs."

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Coinbase Bitcoin spot ETF SEC Grayscale

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