According to Forbes, Marc Baumann, founder of the research institution fiftyonexyz, cited relevant documents on X, stating that Coinbase Custody manages about 84% of U.S. spot Bitcoin ETF assets, totaling approximately $77 billion. The funds are highly concentrated with a single custodian. The report highlights that, against the backdrop of Bitcoin rebounding to around $77,000 and Coinbase receiving conditional approval for a national trust bank charter from the OCC, this level of custodial concentration has sparked market discussions about potential systemic risks and regulatory concerns. https://(wublock123.com)/news/news-59733