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Coinbase's Ryan Van Grack: CFTC Approval "Opens Many Doors" for Bitcoin
The SEC has proposed custody rules that could make it easier for investment advisors to help clients own Bitcoin directly, and Coinbase's Ryan Van Grack said clearer rules tend to attract institutional capital while seeing direct ownership and ETFs as complementary.
Published:
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What happened
The SEC has proposed custody rules that could make it easier for investment advisors to help clients own Bitcoin directly, and Coinbase's Ryan Van Grack said clearer rules tend to attract institutional capital while seeing direct ownership and ETFs as complementary.
Proposed
Global impact / market context
Clearer custody rules could let advisors offer direct Bitcoin ownership, potentially widening the investor base beyond ETFs. If approved, this may draw more institutional money into Bitcoin, affecting demand, trading volumes, and how asset managers position crypto exposure for clients.
Analyst inference
The proposal is not yet final, so its impact remains uncertain. Traditional finance is reportedly accelerating its push into Bitcoin and digital assets. If custody rules ease, advisors may allocate more client money to Bitcoin, but the change still awaits approval and could be altered.
Analyst inference
What to watch
- Watch whether the SEC finalizes, changes, or rejects the proposed custody rules, since the current proposal is not yet final and could still be modified before any approval. Confirmed
- Track whether investment advisors begin offering direct Bitcoin ownership to clients, which would signal the rules are working and could increase Bitcoin demand from institutional investors. Analyst inference
- Monitor whether direct ownership and ETFs remain complementary, as Ryan Van Grack expects, or whether one approach gains favor among advisors and their clients. Proposed
Affected assets
- BTC — Bitcoin