BlackRock’s iShares Ethereum ETF is on the verge of overtaking Coinbase as the world’s second-largest Ether custodian, narrowing the gap to just 200,000 ETH. With holdings now at 3.6 million ETH, iShares has added 1.2 million ETH in under two months. At this pace, it could surpass Coinbase by year-end and reduce Binance’s dominance to a margin of just 1.1 million ETH. The shift highlights a major divergence in custody trends. Binance still leads with 4.7 million ETH, up from 2.5 million in 2019, though growth has consolidated. Coinbase, once the largest Ether custodian with more than 8 million ETH in 2019, has seen ... (full story)