Anchorage Digital and BitGo Step Up for ARK 21Shares Bitcoin ETF Custody
Anchorage Digital Gains Custody Role
Crypto Bank Anchorage Digital, known for being the first and only U.S. federally chartered crypto bank, is stepping in to take on the custody responsibilities for ARK 21Shares Bitcoin ETF. This move aims to provide a secure, regulated option for investors looking into cryptocurrency ETFs.
Collaboration with BitGo
In a strategic partnership, BitGo will also play a crucial role in the custody arrangement, ensuring that the assets remain protected in the evolving landscape of cryptocurrency investments. As these services advance, they signify a growing acceptance of crypto in traditional finance.
- Enhanced Security: Both companies prioritize security to safeguard investor assets.
- Regulatory Compliance: They aim to meet stringent regulatory standards, ensuring trust amongst investors.
- Market Growth: This collaboration highlights the rapid growth of crypto ETFs in the financial market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.