Grayscale’s Ethereum ETF choice: Coinbase’s dominance is further enhanced!
In the cryptocurrency world, a surprising move is making waves: Grayscale has decided to hand over the fund custody of its highly anticipated Ethereum ETF to Coinbase.
This choice is like a boulder thrown into the green waves of the market, causing ripples and sparking discussions and concerns from all sides.
It is reported that Coinbase has become the custodian of 90% of the total assets of the US spot Bitcoin ETF, and now their dominance has expanded again, enough to make other custodians far behind. However, this decision has also caused concerns among some experts, who are worried that such centralization will further exacerbate the instability of the market.
For cryptocurrency investors, this is a time full of hope and challenges. Coinbase’s strong influence as a custodian may bring more liquidity and recognition to the Ethereum ETF, but it may also make the market more dependent on a single entity. How this decision will shape the future of the cryptocurrency market is worth waiting for.
In any case, Grayscale’s choice has shocked the entire industry, and it will become an important node in the history of the development of future cryptocurrency ETFs, and it is worth observing its impact with a vigilant eye.