Crypto bank Anchorage Digital and BitGo have been chosen to provide custody services for the ARK 21Shares Bitcoin ETF. The ETF, which is managed by Swiss-based investment firm ARK 21Shares, allows investors to gain exposure to Bitcoin without directly holding the cryptocurrency.
Anchorage Digital is a well-known crypto bank that specializes in digital asset custody, while BitGo is a leading provider of institutional-grade cryptocurrency custody solutions. By partnering with these trusted custodians, ARK 21Shares aims to ensure the security and protection of the Bitcoin assets held in the ETF.
Having reliable custody services is crucial for institutional investors looking to enter the cryptocurrency market, as it provides them with peace of mind knowing that their assets are safe and secure. With Anchorage Digital and BitGo on board, the ARK 21Shares Bitcoin ETF is well-positioned to attract more investors seeking exposure to Bitcoin through a regulated and secure investment vehicle.