Coinbase Pitches Resilient Ethereum Market to SEC, Seeks Approval for Spot ETH ETF

• Coinbase met with SEC last week to discuss Grayscale's proposed spot Ethereum (ETH) exchange-traded fund • Coinbase's presentation showed spot ETH markets are resilient to fraud and manipulation • SEC previously approved Bitcoin (BTC) spot ETFs in January after over a decade of denials • Grayscale seeking similar approval to convert its Grayscale Ethereum Trust into a spot ETH ETF • British bank Standard Chartered predicted SEC would approve ETH ETFs by May, potentially causing ETH price to surge