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J.P. Morgan Selects BNY Mellon and Coinbase as Bitcoin ETF Custodians

2026.03.05 08:23:47

Decrypt reported Wednesday (March 5) that JPMorgan Chase has disclosed plans in an amended S-1 filing to offer Bitcoin custody services for its proposed JPMorgan Bitcoin Trust, naming BNY Mellon and Coinbase Custody Trust Company as custodians. The setup mirrors existing Bitcoin ETFs, including BlackRock’s iShares Bitcoin Trust (IBIT). IBIT initially relied exclusively on Coinbase for Bitcoin custody, but added Anchorage Digital as a second custodian in April 2025. BlackRock’s Bitcoin fund also uses BNY Mellon as its cash custodian and administrator. JPMorgan first filed for a spot Bitcoin ETF in January. It has since filed to register Ethereum and Solana ETFs, though it did not disclose its planned Bitcoin fund custodian at the time of the initial filing.
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