Spot Bitcoin ETF Statement from Coinbase!

Recent events and news spot Bitcoin ETFWhile raising hopes that BTC and altcoins also welcomed this news positively.

BTCwhich stands out with its rise as it approaches $30,000 Solana (LEFT) for $27 and Bitcoin SV (BSV) It went up to $55.

While a positive atmosphere prevails in the market Coinbase chief legal officer Paul Grewal said: He said he was confident that a spot Bitcoin ETF would be approved in the US.

CNBCSpeaking to , Paul Grewal stated that he is very hopeful that spot ETFs will be accepted.

“After the events, I think the SEC will approve spot Bitcoin ETFs in the near future.

Because the SEC suffered a great defeat against Grayscale. The SEC failed to prevent Grayscale from converting its GBTC fund into an ETF.

The SEC announced last week that it would not appeal the decision. This paved the way for a Bitcoin-related ETF to be approved in the coming months.

I am confident that the SEC will fulfill its responsibilities after the U.S. Court of Appeals made clear that the SEC cannot arbitrarily or capriciously deny spot ETF applications.

“At this point, I cannot give a clear date for when the approval will come, but I think it will come soon.”

Finally, Grewal also warned investors: “Although there is optimism about the ETF, ultimately the decision will belong to the SEC and we cannot know 100% what decision it will make.” said.