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BitGo

BitGo

BitGo News: Ark 21Shares Bitcoin ETF Partners With BitGo

September 12, 2024

BitGo Unicorn News - September 12, 2024

Ark 21Shares Bitcoin ETF has signed custodial agreements with BitGo and Anchorage Digital Bank, diversifying its bitcoin custody across three reputable institutions. Tune in for more details on this significant development in the cryptocurrency world.

( 00:00:00 ) Introduction

( 00:00:33 ) Ark 21Shares Bitcoin ETF Signs Custodial Agreements with BitGo and Anchorage

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Ark 21Shares Bitcoin ETF has announced new custodial service agreements with BitGo New York Trust Company, LLC and Anchorage Digital Bank N.A., effective September 11, 2024. These agreements will see BitGo and Anchorage joining the existing custodian, Coinbase Custody Trust Company, LLC, in maintaining segregated custody accounts for the ETF's bitcoin holdings. This strategic move aims to diversify the custody of the ETF's bitcoin across three reputable institutions, thereby enhancing the security and trust in the management of the ETF's assets.

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Sources

1 https://www.investing.com/news/company-news/ark-21shares-bitcoin-etf-inks-custodial-agreements-with-bitgo-anchorage-93CH-3614001

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