Key facts
- Major banks are increasing their exposure to Bitcoin.
- Proposed SEC rules could boost direct Bitcoin ownership for advisors.
- Coinbase executives Shan Aggarwal and Ryan VanGrack commented on Bitcoin exposure and regulatory developments.
Major financial institutions are expanding their involvement with Bitcoin, according to Coinbase executives. Shan Aggarwal, a Coinbase executive, stated that large banks are increasing their exposure to the cryptocurrency.
Separately, Ryan VanGrack, another executive at Coinbase, commented on potential regulatory shifts. He suggested that proposed Securities and Exchange Commission (SEC) rules could open up more avenues for advisors to hold Bitcoin directly, indicating that both direct ownership and Bitcoin Exchange-Traded Funds (ETFs) could coexist and thrive.