The U.S. Securities and Exchange Commission (SEC) is planning a rule change that would permit registered investment advisers to hold Bitcoin directly, but only if no qualified custodian can hold the asset for them. This conditional exception does not grant broad self-custody rights and applies only when a qualified custodian is genuinely unavailable. The proposal aims to ease institutional Bitcoin custody challenges where custody infrastructure is limited, but the final rule details, including compliance requirements and safeguards, are still pending SEC approval. Advisers should monitor the SEC's formal rulemaking process for updates on this significant potential change in Bitcoin custody regulations.
The SEC's proposed rule change on Bitcoin custody is notable as of October 4, 2026. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 04, 2026 06:11 WIB: out of 50 major cryptocurrencies, 46 rose and 3 fell today. Key movers include ALGO (Algorand) with a 4.34% increase and a typical hold time of 129 days, KSM (Kusama) up 4.19%, and ATOM (Cosmos) up 3.71% with 80% buy order activity.
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