WisdomTree adds Coinbase as Bitcoin ETF custodian
New York-based asset management company WisdomTree submitted a revised application for a physically-backed Bitcoin exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC) yesterday. The company manages nearly $97 billion in assets and stated in the report that Coinbase will serve as the custodian for the product. As the custodian, Coinbase will be responsible for storing the digital assets that support the fund's shares. Monitoring and sharing refers to activities that share trading, settlement, and customer identity information to reduce market manipulation risks. The SEC must approve or reject WisdomTree's Bitcoin Trust by January 15th.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Earnings season takes back seat to interest rate, tariff concerns
Investors evaluating tariff risks has contributed to market volatility over recent weeks
BTC sinks after a quiet week. But now what?
“Crypto prices often rally into the spring before declining into summer,” Compass Point analysts wrote
Strategy announces $2 billion convertible note offering to fuel future bitcoin purchases
The former MicroStrategy announced a $2 billion convertible senior notes offering with 0% interest just hours after issuing a profitability warning due to a $1.79 billion impairment loss on its bitcoin holdings.
Libra Scam Unveils Vape Cartel: Insiders Like Hayden Dennis Raked In Billions!
Trending news
MoreCrypto prices
More
