News Explorer — Coinbase Stock Soars 15% Following Grayscale’s Bitcoin ETF Win Against SEC

By Decrypt August 30, 2023 In Bitcoin, Coinbase, Grayscale Investments

Coinbase Stock Soars 15% Following Grayscale’s Bitcoin ETF Win Against SEC

Coinbase’s stock surged after a federal judge ruled in favor of Grayscale in its SEC lawsuit. The ruling suggests that a Bitcoin ETF could soon be available on Wall Street, which is seen as a win for the cryptocurrency industry. Currently, only futures crypto ETF products exist in the US, but investors are seeking an investment vehicle that provides direct exposure to Bitcoin itself.

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