For some investors, Coinbase's stock is a stand-in for the long-awaited bitcoin ETF
April 21, 2021, 3:20PM EDT · 3 min read
- 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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