Gabor Gurbacs, strategic advisor for Tether, has cautioned against the concentration of Ethereum ETF assets under a single custodian. Specifically, Gurbacs has pointed to Coinbase’s significant role as custodian for the majority of Ethereum ETFs, raising red flags about potential security vulnerabilities and the implications for risk management.

Coinbase, a prominent player in the cryptocurrency exchange realm, currently holds custody over eight out of nine Ethereum ETFs and ten out of eleven spot Bitcoin ETFs.&middot

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