San Francisco-based crypto exchange Coinbase is expanding the horizons. Over the past couple of weeks it has added both digital and fiat currencies to its listing. Now it’s planning to infringe on the most sacred the thing in the crypto world – Bitcoin ETF.
According to Business Insider, the exchange is now actively cooperating with an investment company BlackRock on the issue of launching a Bitcoin exchange traded fund.
No specific details have been revealed so far. However, if the two parties do reach a consensus, Coinbase will join all those companies awaiting for the SEC decision which most likely is going to be negative.
Given some funny business that Coinbase and the SEC had before, the chances of their possible Bitcoin ETF getting an approval are quite low.
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