According to the source, BlackRock’s iShares Bitcoin Trust (IBIT) is already the firm’s most profitable ETF by fee revenue, surpassing older iShares funds as AUM and sponsor fees scale with BTC. Source: the source. IBIT charges a 0.25% sponsor fee and holds spot Bitcoin with Coinbase Custody, aligning revenue directly with BTC price and net inflows—key metrics traders can monitor for liquidity signals. Source: iShares Bitcoin Trust (IBIT) prospectus, BlackRock; SEC EDGAR. IBIT operates with daily creations and redemptions via authorized participants, making its AUM, creation activity, and premium/discount to NAV useful signals for BTC spot demand and liquidity during U.S. trading hours. Source: iShares Bitcoin Trust (IBIT) prospectus, BlackRock. Traders can track AUM, daily flows, and NAV data on the iShares IBIT fund page to assess intraday liquidity conditions for BTC and adjust exposure timing. Source: iShares IBIT fund page, BlackRock.

According to @OnchainDataNerd, the GSR wallet on Binance received 3.5M $APE (~$1.8M) from wallet 0xFfd, which were originally transferred from Coinbase Custody and sourced from Ape's treasury. This follows a previous transfer of 1M $APE to GSR from the same wallet three weeks prior, suggesting ongoing significant movements of $APE tokens that could indicate market activity or strategic positioning by GSR.

According to Dave (@ItsDave_ADA), Grayscale has appointed Coinbase Custody Trust Company as the custodian for the fund's assets, ensuring the secure storage of its digital holdings. Additionally, BNY Mellon Asset Servicing will act as the administrator of the fund. This structured approach may enhance investor confidence by ensuring asset security and professional fund administration, potentially impacting trading volumes and market sentiment.