COIN - 3 Little-Known Facts About Why Ethereum ETFs Could Be Mega-Bullish for Coinbase
2024-05-29 08:25:00 ET
It has been quite the year for Coinbase Global (NASDAQ: COIN) . Crypto is back in a bull market, the Securities and Exchange Commission (SEC) approved spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs), and Coinbase posted its first profitable quarter in more than two years. As a result, its stock has risen more than 275% in the last year.
And as is common in bull markets, the good news keeps on coming. Rumors are swirling that the SEC will green-light a spot Ethereum (CRYPTO: ETH) ETF soon . Not only is Coinbase going to be the custodian for some of these ETFs, but a pending approval will also create a domino effect of benefits for the company as interest in Ethereum grows.
Here are three little-known facts about why the Ethereum ETF approval will give the company a major boost.
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3 Little-Known Facts About Why Ethereum ETFs Could Be Mega-Bullish for Coinbase