Over 80% of Bitcoin ETF assets hit Coinbase custody choke point with $74B at risk

Is Coinbase too big to fail? It has to be now ETFs rely on it daily Wall Street spent two years selling investors on a clean vision of Bitcoin: a regulated exchange-traded fund, cleared and settled through the same institutional machinery that handles equities and bonds, scrubbed of the Wild West baggage that haunted crypto’s earlier chapters. The pitch worked spectacularly well, pulling tens of billions of dollars i…