Coinbase’s significant position and influence in the Bitcoin ETF market are evident through its current issuance of 11 Bitcoin spot ETFs. Coinbase serves as the custodian for 8 out of the 11 ETFs, as reported previously. The custodial assets held by Coinbase account for 90% of the total Bitcoin ETF assets.
Bitcoin Skyrockets to 64K, Coinbase Experiences Technical Issues Due to Overwhelming Trading Demand