Coinbase Chief Legal Officer Paul Grewal discusses the prospective approval of Bitcoin spot ETFs by the U.S. SEC and its potential impact on the cryptocurrency landscape.

In an Oct. 19 interview with CNBC, Paul Grewal, the chief legal officer of crypto exchange Coinbase, expressed a sanguine outlook on the potential approval of Bitcoin spot exchange-traded fund (ETF) applications by the U.S. Securities and Exchange Commission (SEC).

Grewal’s optimism isn’t without foundation; he believes that under the current legal framework, the green light for these ETFs is merited.

Unlike ETFs that trail the prices of Bitcoin futures, a spot Bitcoin ETF shadows the actual price of Bitcoin. This allows investors to gain exposure to the largest digital cryptocurrency without directly owning it. This concept caught the attention of traditional finance behemoths like BlackRock, who ventured into filing for a spot ETF wi

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Author: Bralon Hill

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