SEC Rule Change Could Let Advisers Hold Bitcoin Directly
- —The exception applies only when no qualified custodian can be accessed
- —The proposal is not yet in force; timelines and requirements are unspecified
- —Advisers would not gain blanket authorization to self-custody Bitcoin
- —The SEC has yet to define how advisers must prove custodian unavailability
Why it matters: If adopted, the rule would widen custody options for advisers in markets lacking institutional Bitcoin custody infrastructure.
Source: Coincu