Crypto Custody News: Anchorage Digital and BitGo Manage ARK 21Shares Bitcoin ETF
Thursday, 12 September 2024, 00:01
Crypto Custody Services: A Significant Partnership
In a groundbreaking move for the cryptocurrency market, Anchorage Digital, the only federally chartered crypto bank in the United States, has announced it will take on custody for the ARK 21Shares Bitcoin ETF. This landmark product allows investors to gain exposure to Bitcoin in a regulated environment.
Importance of Custodial Services
- Enhanced Security: Such services enhance the security of Bitcoin assets.
- Regulatory Compliance: Establishes a framework for compliant investment.
- Accessibility for Investors: Common investors can now access Bitcoin more easily.
This partnership with BitGo emphasizes the growing trend of institutional adoption in cryptocurrency. With regulations tightening, the need for reliable custodial services is higher than ever.
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.