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Coinbase: Bitcoin spot ETF will introduce cryptocurrencies to a wider investor base

Coinbase (COIN) stated in a report on Monday that if a spot Bitcoin (BTC) exchange-traded fund (ETF) is approved in the United States, it will open up the cryptocurrency market to a new category of investors. Coinbase said this includes registered investment advisers (RIAs), retirement funds, and institutions that have historically been unable to access this asset class.
In addition, the report stated that having investment tools that meet "key regulatory and compliance requirements may also open the door for new products," which could increase the adoption of existing cryptocurrency products and expand their use among qualified investors. In the long run, this could increase the total market value of cryptocurrencies by billions of dollars, and the ETF is expected to lay the foundation for "a more standardized environment, greater inclusiveness, and substantial growth in demand."

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