Coinbase Custodies 81% of $140 Billion in Crypto Assets Held by US ETFs
2025-06-30 02:53:08
Main Idea
Coinbase custodies 81% of the $140 billion in crypto assets held by US ETFs, with eight of the top 10 bitcoin-holding public firms relying on its services.
Key Points
1. Coinbase custodies 81% of the $140 billion in crypto assets held by US ETFs.
2. Eight of the top 10 publicly traded companies holding bitcoin use Coinbase Prime.
3. Coinbase's institutional arm has gained notable traction among ETF providers and public firms.
4. Coinbase's stock (COIN) hit an all-time high of $382.00, reflecting broader market optimism.
5. Coinbase Custody serves heavyweight clients like BlackRock, securing BTC in its iShares Bitcoin Trust (IBIT) ETF.
Description
Eight of the top 10 bitcoin-holding public firms rely on Coinbase, which now also custodies an astounding 81% of the $140 billion in crypto assets held by ETFs. $140 Billion in US Crypto ETFs: Coinbase Custodies 81% of Total Crypto exchange Coinbase (Nasdaq: COIN) is increasing its presence in institutional crypto custody, reflecting its expanding
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