🚀🇹🇷 Coinbase announced that the US Securities and Exchange Commission (SEC) has approved 11 Bitcoin spot ETFs! This is a turning point in the expansion of the crypto economy. These ETFs, 8 of which are in collaboration with Coinbase, will attract a variety of new investors and foster long-term growth and product innovation. 😎📈

Cryptocurrencies will continue to exist, and Bitcoin spot ETFs will further expand cryptocurrency adoption. Ethereum spot ETF applications are also expected to receive approval soon. Coinbase General Counsel Paul Grewal said in a statement on Twitter that "We should all be thankful that Grayscale resisted the SEC's arbitrary and inconsistent behavior." 🙌🎉