The Valkyrie Bitcoin Trust would be listed on the NYSE and Coinbase Custody Trust Co. would serve as custodian.
Coinbase published fresh numbers Friday on how much capital has flowed onto the exchange in recent months.
The sell-off also led to major corrections for other cryptocurrencies including ether, stellar, xrp and chainlink.
Bison Trails already partnered with Coinbase through its custody service.
The crypto exchange is partnering with BCB Group to get instant GBP and euro settlement for its customers.
The exchange also said it’s working to improve its customer service response time, another source of complaints.
The mea culpa was mum on Coinbase’s broader troubles in keeping global trading running smoothly.