Anchorage Digital Bank Will Provide Custody Services for 21Shares’ Crypto ETFs

Asset manager 21Shares has announced that it will be including Anchorage Digital Bank and BitGo as custodians for its spot cryptocurrency exchange-traded funds (ETFs).

These new custodians will be joining Coinbase, the current custodian, in holding Bitcoin and Ether for 21Shares’ two US-based spot crypto ETFs, ARK 21Shares Bitcoin ETF (ARKB) and 21Shares Core Ethereum ETF (CETH).

According to Andres Valencia, head of investment management at 21Shares, the addition of these custodians will add to the safety and security of their product lineup, as well as diversify their risk management.

21Shares is one of the first US spot crypto ETF issuers to expand its list of custodians beyond Coinbase, which is the primary custodian for most US spot crypto ETFs.