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The SEC Shouldn't Approve Spot Bitcoin ETFs
Based on the language they've used in the past, they probably shouldn't approve this. But if you're just looking at Bitcoin as a target market, which is how most people would look at it, then Coinbase is definitely, in my opinion, not a market of significant size. Maybe you could argue that in combination with the CME futures market could be enough to surveil the market. And what's your take on that? Do you think it is or not?