Coinbase's Grewal Is 'Quite Hopeful' That Bitcoin Spot ETFs Will be Approved

Crypto exchange Coinbase's (COIN) chief legal officer Paul Grewal is "quite hopeful" that bitcoin spot exchange-traded fund (ETF) applications will be approved by the U.S. Securities and Exchange Commission (SEC).
"I’m quite hopeful that these applications will be granted, if only because they should be granted under the law," Grewal said in an interview with CNBC on Friday.