America’s biggest cryptocurrency exchange Coinbase has been again chosen by one of the contenders in the spot Bitcoin ETF race. 

New York asset manager WisdomTree submitted a revised version of its application to the Securities and Exchange Commission for a spot Bitcoin exchange-traded fund yesterday.  

In it, the firm, which has nearly $97 billion in assets under management, noted that Coinbase would be the custodian for the product. 

San Francisco-based Coinbase is already custodian and surveillance-sharing partner for other applicants—Fidelity, VanEck, Ark Invest’s 21Shares, Valkyrie, and Invesco—including most notably BlackRock, the world’s biggest fund manager.

In July, The Wall Street titan selected Coinbase to be both custodian and surveillance-sharing partner in a revised filing following its original June application. 

As a custodian, Coinbase would take care of storing the digital coins backing the fund’s shares. Surveillance-sharing refers to the activity of sharing inf

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Author: Mathew Di Salvo

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