For some investors, Coinbase's stock is a stand-in for the long-awaited bitcoin ETF

Quick Take

  • A bitcoin ETF has yet to be approved in the U.S.
  • But for some investors, Coinbase stock can serve as a stand-in by providing structured, indirect exposure to bitcoin.
For years, U.S. regulators have blocked a bitcoin ETF. Now some investors say Coinbase stock is the next best thing.

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