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
Why The Next Altcoin Season Could Be the Biggest Ever
Mind Network Unveils First Encrypted Cross-Chain $USDC Layer with Circle and Chainlink
Trump’s Tariff Policies Unlikely to Increase US Manufacturing Jobs in the ‘Foreseeable Future’: Wells Fargo Analysts
PENGU Was Missed by Many—Grab BTFD Presale and Turn $100 into $12K: Best New Meme Coin to Join This Week!
Missed Pudgy Penguins? Don’t miss BTFD! With 11,900% ROI potential, 90% APY staking & a live P2E game, it’s the best meme coin to join this week!BTFD Coin Is Where Whales Feast—Get in Before the Final Blowout!Pudgy Penguins (PENGU) — You Delayed, It Blew UpConclusion: Timing Is Everything in Crypto!
Trending news
MoreCrypto prices
More
