Grayscale Diversifies Custody, Signals Industry Shift
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The Bitcoin ETF trade promised mainstream finance ease with crypto exposure. Grayscale’s move away from Coinbase for a new ETF product suggests Wall Street is building a post-Coinbase custody map. This diversification reduces single-point-of-failure risk and could accelerate institutional adoption. As custody becomes more distributed, the market becomes more resilient, potentially boosting confidence in digital assets. This development is a positive step toward maturing the infrastructure, indicating that the industry is moving beyond reliance on a single custodian.
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