Coinbase dominates custody for majority of spot ETFs, says Bitwise

Source: Crypto Briefing· Editorial Team· August 4, 2026
Coinbase dominates custody for majority of spot ETFs, says Bitwise
SynaBot summary

Coinbase now holds custody for most spot Bitcoin and Ethereum ETFs in the U.S. This concentration of assets with a single custodian could create significant systemic risk for the digital asset market.

Key takeaways

  • Coinbase custodies 90% of spot Bitcoin ETFs
  • Eight of nine spot Ethereum ETFs also use Coinbase
  • Concentration raises concerns about market systemic risk
  • Potential for increased regulatory oversight

Why it matters

Users of AI tools in finance should monitor this development. A failure at Coinbase could disrupt crypto ETF operations, impacting investment tools and strategies that rely on these products.

This story was reported by Crypto Briefing. Read the full original article:
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