When will the SEC's ETF for BTC be passed? Coinbase is a representative exchange and a consortium that is optimistic about the cryptocurrency pie has joined forces with retail investors to stir up market sentiment. If it passes, the SEC will feel shameless. If it doesn't pass, it will be passed sooner or later. It is estimated that both parties will take a step back, and the adoption may be delayed, but it will not be delayed for a long time as usual.