Bitcoin ETF Approval Could Shake Up Crypto Market and Coinbase
• Approval of a spot bitcoin ETF could have a big impact on crypto industry, more so than previous milestones like CME bitcoin futures or Coinbase IPO
• Analysts say recent 50% bitcoin price increase reflects market anticipation of potential ETF approval
• ETF approval could hurt Coinbase growth in short term as new investors choose ETFs over crypto exchanges
• Coinbase may be forced to lower fees due to more transparency and efficiency of ETF market
• Coinbase could benefit longer term from revenue generated as custodian and surveillance partner for bitcoin ETFs