VanEck appointed Coinbase as an additional custodian for its HODL Bitcoin ETF. This partnership requires Coinbase to mainly keep the ETF’s Bitcoin in cold storage to make it more secure. Coinbase already takes care of the custody part for other significant Bitcoin ETFs, such as BlackRock and Grayscale. VanEck’s decision aims to leverage Coinbase’s robust security measures, ensuring that Bitcoin holdings are verifiable. This development is part of VanEck’s broader strategy to bolster its cryptocurrency ETF offerings, with a recent Solana ETF application also under SEC review.
VanEck Partners with Coinbase as Custodian for Bitcoin ETF, Enhancing Security Measures
