Six US Ethereum ETF Applicants May Choose Coinbase as Custodian

Odaily News After the U.S. Securities and Exchange Commission approved the spot Ethereum ETF, it was reported that Coinbase would become the custodian of at least six of the nine companies planning to launch Ethereum ETFs. Coinbase is already the second largest Ethereum validator. Experts expressed concerns about centralization issues and warned that these centralization and concentration risks could pose "serious security risks." (decrypt)