Official documents indicate that 10 out of 11 spot Bitcoin ETFs and 8 out of 9 newly approved spot Ethereum ETFs are being held in custody by Coinbase. Gabor Gurbacs, founder of Pointsville and former advisor to VanEck, has questioned storing such a large value in a single entity lacking caution.
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Former VanEck consultant: Bitcoin ETF and Ethereum ETF digital assets are held in Coinbase with acceptable risks in doubt
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