Coinbase Becomes Custodian for WisdomTree's Bitcoin ETF, Aiming for SEC Approval

• Coinbase will be the official custodian for WisdomTree's spot Bitcoin ETF, according to an amended S-1 filing.
• Coinbase is responsible for safekeeping the Bitcoin owned by the Trust and will sell Bitcoin at the sponsor's request for fees or expenses.
• Coinbase is the only publicly traded cryptocurrency exchange and is subject to public audits by Deloitte.
• The SEC sued Coinbase in June, but the agency agrees that Bitcoin does not qualify as a security.
• The SEC's next deadline to approve or deny the WisdomTree Bitcoin Trust is January 15.

The sentiment of the article is generally positive, highlighting Coinbase's role as a custodian for WisdomTree's Bitcoin ETF and its legitimacy in the crypto world.