![Coinbase (COIN) Is Dominating a Key Bitcoin ETF Service. Can Anyone Else Such as BitGo Join the Race? Coinbase (COIN) Is Dominating a Key Bitcoin ETF Service. Can Anyone Else Such as BitGo Join the Race?](https://digitallifegaming.com/wp-content/uploads/2023/11/IED73VWH65BYJMWEMJ6F56TLIA-768x402.jpg)
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Coinbase, run by CEO Brian Armstrong, currently is the custodian for nine of the 12 proposed bitcoin ETFs in the U.S., a level of concentration that makes some uneasy. With Fidelity deciding to custody their own assets and VanEck picking Gemini, that leaves only one application that lists no custodian.
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