Coinbase: bitcoin etf & # 39; nin onayı sadece bir zaman meselesi & # 39″

Cryptocurrency giant Coinbase has issued a bullish note on the prospect of approval of its bitcoin Securities and Exchange Commission ETF, a long-awaited event expected to boost overall demand for bitcoin and possibly send prices soaring.

According to a forthcoming report for institutional investors released by Decrypt, Coinbase believes there are signs that US crypto policy is “softening” and that ETF approval is likely inevitable.

“Given the clear public interest and positive market development, we believe it is only a matter of time before the U.S. SEC approves the bitcoin ETF,” the report said.

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The report did not provide an exact chart of when Coinbase might approve an ETF, but etf issuers had predictions that it would happen this year or in 2022.

While the crypto industry has long waited for a Bitcoin ETF that would allow investors to access bitcoin through stocks on traditional exchanges, the Sec has thwarted that hope since 2017, when it first rejected the ETF because of the fact that the main bitcoin Sunday may be subject to manipulation.

Coinbase acknowledges in its report that “at least a dozen applications for listing bitcoin ETFs have been rejected” by the Sec, but adds that the company believes a much larger bitcoin Sunday will reduce the agency’s concerns about manipulation.

Because the SEC approves bitcoin ETFs, it would benefit companies that preceded them, including investment giants like Fidelity. But the approval will also benefit Coinbase, which can make money by providing services to these companies.

“these etf issuers will use our storage, termination and execution opportunities to provide their customers with the most competitive products,” said the report, which did not elaborate on what revenue Coinbase can generate from such services.

The report was not addressed

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