Cryptocurrency Q&A
Which bitcoin ETFs use Coinbase?
Which bitcoin ETFs use Coinbase?
Caterina
Sun Jul 07 2024
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6 answers
1318
As a keen investor in the cryptocurrency space, I'm interested in exploring the various options available for investing in Bitcoin through Exchange-Traded Funds (ETFs). One of the leading cryptocurrency exchanges, Coinbase, has gained significant trust and reputation over the years. Therefore, I'm particularly intrigued by the question: "Which bitcoin ETFs use Coinbase?" This query aims to identify those ETFs that leverage Coinbase's robust infrastructure and expertise in digital asset trading, providing investors with a secure and reliable way to gain exposure to Bitcoin without directly holding the coins. Knowing which ETFs offer this integration can help investors make informed decisions and potentially reap the benefits of Bitcoin's performance within a diversified portfolio.
6 answers
Tommaso
Tue Jul 09 2024
Currently, there are ten spot Bitcoin ETFs actively trading in the market. Among these, a notable majority has chosen Coinbase (COIN) as their preferred Bitcoin custodian.
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Giulia
Tue Jul 09 2024
Coinbase's standing as a leading cryptocurrency exchange has made it a trusted custodian for many Bitcoin ETFs. Its reputation and robust security measures contribute to its popularity.
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Tommaso
Mon Jul 08 2024
Despite Coinbase's widespread adoption, two Bitcoin ETFs have opted for alternative custodians. The Fidelity Wise Origin Bitcoin Fund (FBTC) is one such exception, relying on Fidelity itself for custody services.
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Riccardo
Mon Jul 08 2024
Fidelity, a well-known financial services firm, has established itself as a reliable custodian for the FBTC. Its extensive experience and financial expertise provide investors with added confidence.
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Margherita
Mon Jul 08 2024
The other exception is the VanEck Bitcoin Trust (HODL), which has chosen Gemini as its custodian. Gemini is another renowned cryptocurrency exchange that offers secure storage solutions for digital assets.
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