it is like a fever! the ETF fever!
everyone's got it and they can't seem to be able to shake it. which makes me wonder how much money is in "creating" an ETF? there must be quite a lot since shitloads of people are trying to do it. and the funny part is that SEC keeps rejecting all of them, even the ones that seemed most promising.
Well if Coinbase is pushing it, even getting a firm that's rather anti-crypto involved, I assume they'll be sparing no expense because they have a lot to gain. It's a win-win situation for them considering how an ETF approval could directly increase the demand for custodial services, which they offer. Additionally, it would also cement their reputation amongst institutional investors. I feel like I know how this will end, but it's still going to be interesting watching the whole thing unfold.
