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News Explorer — Coinbase Supports Grayscale's Ethereum ETF Application, Citing Bitcoin Precedent

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Feb 22, 6:17 pm
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Coinbase Supports Grayscale's Ethereum ETF Application, Citing Bitcoin Precedent

Coinbase has expressed support for Grayscale's application to launch a spot Ethereum exchange-traded fund (ETF) and has urged the SEC to grant approval. In a detailed report, Coinbase argued that Ethereum's market maturity and regulatory compliance make it a commodity similar to Bitcoin. The company highlighted Ethereum's decentralized governance as an effective measure against fraud and manipulation.

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