BitGo Joins Anchorage in Providing Custody for 21Shares' Physical ETFs
CryptoNewsTerminal Staff12 Sep, 2024
BitGo Joins Anchorage in Providing Custody for 21Shares' Physical ETFs
BitGo, a leading cryptocurrency custody provider, has announced that it will provide custody for 21Shares' physically-backed exchange-traded funds (ETFs) in the United States. This news follows the recent announcement by Anchorage Digital that it will also provide custody for 21Shares' Bitcoin (BTC) and Ethereum (ETH) physically-backed ETFs. This move by BitGo further legitimizes the growing cryptocurrency ETF market, which has seen a surge of interest in recent months. Physically-backed ETFs offer investors a convenient and regulated way to gain exposure to cryptocurrencies without having to purchase and store them directly. BitGo's custody solution will provide 21Shares with the security and compliance it needs to offer its ETFs to investors in the United States. BitGo's platform is designed to meet the highest standards of security and regulation, and it has a proven track record of protecting digital assets. The addition of BitGo as a custody provider for 21Shares' ETFs is a significant development for the cryptocurrency industry. It demonstrates the growing institutional interest in cryptocurrencies and the increasing demand for secure and regulated custody solutions.
