Coinbase becomes the custodian of eight Ethereum ETFs! Brian Armstrong: SEC confirms ETH is not a security

This site (120btC.coM): The Ethereum spot ETF will be publicly listed on July 23. In addition to major issuers, the institution that will benefit a lot is Coinbase.

Coinbase becomes the custodian of 8 Ethereum ETFs

Coinbase tweeted to explain why the Ethereum ETF is a major milestone in the crypto field.

The article mentioned that the Ethereum ecosystem is quite strong, with more than 15 million monthly active addresses and rapid expansion. The total number of smart contracts deployed in 2023 has increased by 300%.

The Ethereum spot ETF will also help enhance the utility of Ethereum and further expand the scale and breadth of the crypto market.

After Coinbase acquired the custody business of 8 of the 11 Bitcoin ETF issuers at the beginning of this year, it also contracted the custody business of 8 of the 9 Ethereum ETFs.

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