Coinbase Global Inc (NASDAQ:COIN) CEO Brian Armstrong announced during an earnings call that Coinbase has been named as the custodian for 5 of the 8 Ethereum ETF applications. The company reported a 45.2% increase in net revenue to $905 million for the fourth quarter, turning a profit with a net income of $273 million. Transactional activity, particularly consumer crypto trading and institutional transaction revenue, played a significant role in this financial turnaround. Armstrong highlighted the positive impact of ETFs on the industry and Coinbase's role as a trusted partner in the growing adoption of cryptocurrencies by financial institutions.