Valkyrie adds BitGo as custodian for spot bitcoin ETF

Valkyrie has partnered with BitGo to be a custodian of its spot bitcoin ETF, as shown by a filing, reported on Thursday. The agency said, would they stay on along with Coinbase Trust Corporation as well.

According to the Sponsor, Valkyrie plans to use both BitGo and Coinbase solutions for Trust Asset custodying of bitcoins. 

A lot of countries spot bitcoin ETFs approved by the Securities and Exchange Commission have Coinbase in custody, such as Bitwise Ark21 and BlackRock. The Hashdex spot, the bitcoin ETF proposed last month, lists BitGo as its custodian.

Mike Belshe, BitGo’s CEO, mentioned this addition of his firm as a custodian by Valkyrie also as a victory for the industry in addressing the X post system which once was called Twitter.

The Bitcoin ETF was added to Valkyrie as a custodian partner with @BitGo to secure their assets; this is a big deal in the industry, Belshe said one day prior.

This marks an outstanding work by @valkyriefunds, @LeahWald, and @stevenmcclurg for spearheading the ETF industry through the most effective way of risk mitigation in custodying.

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