The approval of a spot bitcoin ETF could have a huge impact on the crypto industry, more so than other previous milestones. Analysts at JPMorgan say that the nearly 50% increase in the price of bitcoin over the last two months speaks to the potential. Coinbase may be a long-term beneficiary but could face more immediate negative reprecussions.
With two months to go before the U.S. Securities and Exchange Commission (SEC) faces another set of deadlines to decide on a large number of applications to form spot bitcoin exchange traded-funds (ETFs), analysts are speculating on how approval of such vehicles would impact the crypto
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