The sheer size of the applicants, which include the world's largest asset-management company BlackRock along with fellow giants like Fidelity and Franklin Templeton, means any approval would be far more influential than earlier milestones..."It will have a huge (positive) impact."
Analysts at JPMorgan concur, taking note of the nearly 50% increase in the price of bitcoin over the last two months as momentum seemingly built towards an ETF approval. The effect on specific players in the industry, however, could be less positive.
Although crypto exchange Coinbase (COIN) has made itself an irreplaceable part of the ETF race, functioning as proposed custodian and surveillance partner for many of the applicants, it could
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