Posted 10/20/2023, 3:46:00 PM
Coinbase Legal Chief Optimistic SEC Will Soon Approve Bitcoin Spot ETFs, Potentially Lifting Prices
- Coinbase chief legal officer hopeful SEC will approve bitcoin spot ETFs
- Spot ETFs would let investors get direct bitcoin exposure without owning it
- Optimism started when BlackRock and others applied for spot bitcoin ETFs
- Bitcoin price could surge if BlackRock ETF approved, potentially to $56K
- Crypto-linked stocks like Coinbase, MicroStrategy would also benefit
- Grewal didn't say when approvals may come but sees progress soon
