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Coinbase shares surge on news of Grayscale's court win in bitcoin ETF case

Shares of Coinbase surged by up to 14% on Tuesday following the news that Grayscale Investments had won a court battle against the Securities and Exchange Commission in relation to its bid to launch a spot bitcoin exchange-traded fund. If spot bitcoin ETFs become a reality, Coinbase could potentially benefit from the general sense of optimism across the digital currencies market.

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