• Since launching, digital asset ETF issuers have selected BitGo as their custodian of choice, prioritizing security for ETF holders

  • BitGo’s offering includes regulated cold storage within a bankruptcy remote structure to minimize risk for investors

  • ETF issuers continue to adopt a multi-custodial approach to managing their assets signaling that diversification is crucial as the industry matures

Digital asset exchange-traded funds (ETFs) have played a pivotal role in providing a diverse range of investors with exposure to cryptocurrencies this year. Since inception these ETFs have seen approximately $16 billion in inflows, underscoring the importance of robust and diverse custody infrastructure.

BitGo will serve as a custodian for 21Shares’ US Spot ETFs — the ARK 21Shares Bitcoin ETF (ARKB) and the 21Shares Core Ethereum ETF (CETH). BitGo currently serves as a custodian for two other ETF issuers, Hashdex and Valkyrie (now Coinshares), demonstrating its commitment to providing secure solutions for digital asset ETFs issuers and protecting investors’ assets.

“We’re excited that 21Shares is adopting a multi-custodial approach, prioritizing security for ETF holders. BitGo is proud to offer 100% cold storage as the leading independent custodian, serving the industry for over a decade as a trusted partner, and now for ETF issuers too,” said Mike Belshe, CEO of BitGo.

As a qualified custodian BitGo is responsible for safeguarding assets with an enhanced level of diligence. Assets are secured with institutional-grade cold storage and robust security measures, mitigating the risk of theft or mismanagement. BitGo’s $250MM insurance policy and bankruptcy-remote structure also provide peace of mind for both issuers and investors.

“We look forward to growing our partnership with the great team at 21Shares as they have achieved an impressive growth in ETF assets over the last 8 months,” said Adam Sporn, BitGo’s Head of Prime Brokerage and U.S. Institutional Sales.

To learn more about BitGo’s custody offering, visit our website today.

About BitGo

BitGo is the leading infrastructure provider of digital asset solutions, offering custody, wallets, staking, trading, financing and settlement out of regulated cold storage. Founded in 2013, BitGo is the first digital asset company to focus exclusively on serving institutional clients. BitGo is dedicated to advancing a digital financial services economy that is borderless and accessible 24/7. With multiple Trust companies around the world, BitGo is the preferred security and operational backbone for more than 1,500 institutional clients in 50 countries, including many of the world’s top brands, cryptocurrency exchanges and platforms. BitGo also secures approximately 20% of all on-chain Bitcoin transactions by value and is the largest independent digital asset custodian. For more information, please visit www.bitgo.com.

©2024 BitGo Inc. (collectively with its affiliates and subsidiaries, “BitGo”). All rights reserved. BitGo Trust Company, Inc., BitGo Inc., and BitGo Prime LLC are separately operated, wholly-owned subsidiaries of BitGo Holdings, Inc., a Delaware corporation headquartered in Palo Alto, CA. No legal, tax, investment, or other advice is provided by any BitGo entity. Please consult your legal/tax/investment professional for questions about your specific circumstances. Digital asset holdings involve a high degree of risk, and can fluctuate greatly on any given day. Accordingly, your digital asset holdings may be subject to large swings in value and may even become worthless. The information provided herein is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. BitGo is not directing this information to any person in any jurisdiction where the publication or availability of the information is prohibited, by reason of that person’s citizenship, residence or otherwise.