In the last month, a wave of major financial institutions have applied to offer spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETF) in a bid to bridge Wall Street with the original cryptocurrency. BlackRock (NYSE: BLK) made headlines on June 15 as the first firm to submit an application, followed by Fidelity, Ark Invest, Invesco, , and VanEck, all vying for a piece of the Bitcoin ETF market. 

While the potential benefits for Bitcoin itself seem obvious, there is another player that stands to gain significantly from this race: Coinbase Global (NASDAQ: COIN).

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Source Fool.com