Why Coinbase (COIN) Is The Biggest Winner From Bitcoin ETF Pending Approvals
After receiving dozens of applications, the Securities and Exchange Commission (SEC) finally gave the green light to 11 spot Bitcoin exchange-traded funds (ETFs) on Jan. 10. The decision is expected to bring new hype and investors into Bitcoin because it allows for a new, equity-based form of investment into the cryptocurrency. While much of the discussion around the benefits of Bitcoin ETFs has been focused on firms sponsoring them and new investors, one party has been left out of the discussio