2023-07-08 07:30:00 ET
In the last month, a wave of major financial institutions have applied to offer spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETF) in a bid to bridge Wall Street with the original cryptocurrency. BlackRock (NYSE: BLK) made headlines on June 15 as the first firm to submit an application , followed by Fidelity, Ark Invest, Invesco , WisdomTree , and VanEck, all vying for a piece of the Bitcoin ETF market.
While the potential benefits for Bitcoin itself seem obvious, there is another player that stands to gain significantly from this race: Coinbase Global (NASDAQ: COIN) .
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For further details see:
Coinbase Is The Real Winner in the Bitcoin ETF Race