币界网报道：Coinbase shares surged to a 19-month high of $187.39 on Monday, marking a 33.8% year-to-date gain as the crypto exchange benefits from renewed investor optimism in digital assets. The rally comes amid growing anticipation of spot Bitcoin ETF approvals and a broader crypto market rebound, with Bitcoin surpassing $47,000 for the first time since April 2022. Analysts attribute the stock's performance to Coinbase's strategic positioning as the custodian for multiple ETF applicants and its improved financials, including reduced operating costs and increased trading volumes. The Nasdaq-listed company has gained over 250% since January 2023, outpacing Bitcoin's 150% rise during the same period. Market observers note that Coinbase's stock often serves as a proxy for crypto market sentiment, with its recent surge reflecting institutional interest returning to the sector ahead of potential regulatory milestones.