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Bitcoin now for wealth managers as SEC custody rule stirs Coinbase

A proposed U.S. Securities and Exchange Commission rule on digital asset custody could expand investment advisers’ direct holdings of bitcoin and broaden client access, a forecast said. Coinbase, which provides custody infrastructure for most bitcoin exchange-traded funds, highlighted potential benefits from an expanding regulated wealth management market. Coinbase executives said clearer rules could make it easier for institutional money to enter, while direct holdings and ETFs could both grow. Coinbase also pointed to progress on clearing, tokenisation and stablecoin payments.