PANews reported on July 23 that Coinbase announced that it has become the trustee and partner of 10 Bitcoin spot ETFs (11 approved in total) and 8 newly approved Ethereum spot ETFs (9 approved in total). For investors, Ethereum spot ETFs provide a differentiated crypto asset with unique return characteristics. The Ethereum ecosystem is very strong, with more than 15 million monthly active addresses and is developing rapidly, with a 300% increase in smart contracts deployed in 2023. By increasing the use of Ethereum, spot Ethereum ETF investors will help enhance the utility of Ether and promote the development of the entire crypto ecosystem.