On The Brink with Castle Island cover image

Weekly Roundup 07/07/23 (Taylor Swift’s FTX secret, XRP vs glazed donuts, ETF seeding) (EP.436)

On The Brink with Castle Island

CHAPTER

The SEC's Approach to Bitcoin ETFs

The custodians for these things are going to be Fidelity and Coinbase, as far as I can tell. And it really begs the question, okay, so why can't large banks who are the money center banks,. Why can't Bank of New York Mellon be the custodian for the BlackRock ETF? It's a complete mishandling of how this should work from a capital markets perspective.

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