💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Coinbase Reportedly Mulling Crypto ETF as New SEC Appointment Raises Hopes of Green Light

Published 09/07/2018, 01:50 AM
Updated 09/07/2018, 03:01 AM
 Coinbase Reportedly Mulling Crypto ETF as New SEC Appointment Raises Hopes of Green Light
BTC/USD
-

San Francisco-based virtual currency exchange Coinbase is considering a foray into the cryptocurrency exchange-traded fund (ETF) space, Business Insider reported on Thursday. The news coincided with a pro-crypto appointment at the US Securities and Exchange Commission (SEC), raising market hopes that the regulator may soon change its tune of rejecting crypto ETF proposals.

Coinbase’s planned crypto ETF is reportedly aimed to allow retail investors to gain access to volatile crypto markets. If approved, the fund will track several cryptocurrencies along with Bitcoin (BTC), Business Insider revealed.

According to anonymous sources cited by the publication, Coinbase has held conversations with investment management giant BlackRock, seeking its expertise in the ETF field. The $6 trillion asset manager, well-known for its iShares division, set up its blockchain division in 2015 with the aim to i...


This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.