According to ChainCatcher, Coinbase officials said that today, the U.S. Securities and Exchange Commission (SEC) approved the application of 9 spot Ethereum ETFs. Following the approval of the spot Bitcoin ETF by the U.S. SEC in January this year, the approval of the spot Ethereum ETF marks another important milestone for cryptocurrencies, reflecting the continued innovation and increasingly mature regulatory environment around crypto assets.

Coinbase has also become a trusted partner and custodian of 10 Bitcoin spot ETFs and 8 newly approved Ethereum spot ETFs.