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Coinbase Named Sole Custodian for BlackRock's $ETHB Staked Ethereum ETP

Coinbase disclosed it is the sole custodian for BlackRock's newly launched $ETHB Staked Ethereum ETP. The firm now holds custody of the staked Ethereum product and already safeguards over 80% of all U.S. crypto ETPs. The ETP structure enables traditional brokerage investors to access ETH staking rewards through a fully regulated investment vehicle for the first time. Coinbase's custody role in U.S. crypto ETPs continues to expand as new institutional products launch.
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