Grayscale ETF Filing Replaces Coinbase Custodian

Grayscale has updated its filing for a spot Ether ETF, removing Coinbase as a custodian and instead naming Anchorage Digital Bank. This strategic shift indicates a potential move away from Coinbase's custody services for Grayscale's digital asset products. Previously, Anchorage served as a secondary custodian for portions of Grayscale's Bitcoin and Ethereum trusts, suggesting a growing reliance on their services. The change could signal evolving partnerships within the digital asset management space as firms navigate regulatory landscapes and operational efficiencies.