Coinbase's Paul Grewal Foresees Imminent SEC Approval for Bitcoin ETF

Coinbase's Paul Grewal Foresees Imminent SEC Approval for Bitcoin ETF



Coinbase's top legal executive, Paul Grewal, anticipates that the U.S. Securities and Exchange Commission (SEC) will shortly greenlight a Bitcoin exchange-traded fund (ETF). He shared his confidence with CNBC, predicting the imminent approval of a U.S. Bitcoin ETF. This statement follows a major judicial ruling indicating that the SEC lacked valid reasons to refuse Grayscale's proposal to convert its GBTC Bitcoin fund into an ETF.



The SEC chose not to contest this decision, leading many to believe that the nod for Bitcoin ETFs may be close at hand. Despite existing legal challenges associated with Grayscale's parent entity, Digital Currency Group, and the Gemini crypto platform, Grewal remains positive on more Bitcoin ETFs gaining approval. He didn't specify a timeline for such endorsements but emphasized that the commission would


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#Bitcoin, #BitcoinETF, #Coinbase, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #ETF, #News, #Regulations

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