Coinbase is 'confident' a U.S. bitcoin ETF will be approved after SEC's court defeat
Publishing timestamp: 2023-10-20 11:51:29
Summary
Coinbase's chief legal officer, Paul Grewal, believes that the U.S. Securities and Exchange Commission (SEC) will approve a bitcoin ETF soon, citing the regulator's failure to block Grayscale from converting its bitcoin fund into an ETF. Grewal expresses optimism about the future of the crypto industry and expects more developments that will bring back investor and consumer interest.
Sentiment: MIXED
Keywords: cryptocurrency, coinbase global inc, breaking news: technology, bitcoin, technology, bitcoin/usd coin metrics, united states, exchange-traded funds, business news, markets, breaking news: markets, internet,
Source: https://www.cnbc.com/2023/10/20/coinbase-confident-a-us-bitcoin-etf-will-be-approved.html