Experts Offer Divergent Views On Spot Bitcoin ETF Approval: One Suggests ‘Buy The Rumor, Buy The News,’ While Other Highlights Problems For Coinbase
With the forthcoming decision on several spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETF) proposals, the potential implications for the cryptocurrency sector and Coinbase Global Inc. (NASDAQ:COIN) have sparked divergent views among industry experts. What Happened: A CoinDesk report revealed that the U.S. Securities and Exchange Commission (SEC) is on the brink of deciding on a host of applications for spot bitcoin ETFs. The applicants include heavyweights in asset management such as BlackRock, Fidelity, and Franklin Templeton. Pantera Capital’s Managing Partner, Dan Morehead, indicated t…