Coinbase Mulls Over Creating Crypto ETF, Has Wall Street Veteran Behind Its Back

San Francisco-based crypto exchange Coinbase spearheaded by Brian Armstrong, is asserting its dominance in the industry by planning to launch its own cryptocurrency ETF

Thu, 6/09/2018 - 16:06

Coinbase Mulls Over Creating Crypto ETF, Has Wall Street Veteran Behind Its Back

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Coinbase, a San Francisco-based cryptocurrency exchange spearheaded by Brian Armstrong, is asserting its dominance in the industry by planning to launch its own cryptocurrency ETF, according to a recent Business Insider report. The company has already cooperated with a Wall Street behemoth BlackRock in order to translate this plan into reality. Apart from Bitcoin, Coinbase plans to enlist other cryptocurrencies as well.

An anonymous source states that Coinbase representatives had a series of meetings with the abovementioned ETF veteran. However, there is no indication yet whether these conversations were a part of a broader cooperation.

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About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.