From Nasdaq:

Coinbase has a stronghold as custodian for 9 out of 12 Bitcoin Spot ETF applications.What risks are associated with entrusting a single entity with 75% control over custodial management for these funds? With the ETF approval near, experts are recommending caution and independent research into the security and risks of centralized custody services. The recent shakeup in leadership and concentration of funds into a single custodian makes it crucial for investors to understand the dangers associated with centralized control and to be prepared for a possible 6102 Bitcoin scenario.



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