The Chief Legal Officer of Coinbase, Paul Grewal, is optimistic about the approval of a spot Bitcoin Exchange Traded Fund (ETF) by the SEC. Grewal believes that the regulator will fulfill its responsibilities and grant approval to the highly sought-after investment product. He also mentioned that industry giants like BlackRock, Fidelity, and Invesco are seeking approval for the Bitcoin ETF and their reputation and status will play a role in getting approval. The article also briefly mentions Elon Musk’s potential interest in the Wikimedia Foundation.

AI Sentiment: Positive