21Shares US, an affiliate of Zurich-based 21Shares AG, on Sept. 12 announced it has added Anchorage Digital Bank and BitGo as custodians for its U.S. spot exchange-traded products, the ARK 21Shares Bitcoin ETF and the 21Shares Core Ethereum ETF.
Anchorage Digital Bank and BitGo join current custodian Coinbase, 21Shares said in a news release.
“21Shares is thrilled to be working with Anchorage Digital Bank and BitGo to diversify our custodians for our U.S. spot ETPs,” Andres Valencia, head of investment management at 21Shares AG, said in the release.
Anchorage Digital Bank, the only federally chartered crypto bank in the U.S., is a unit of Anchorage Digital, a crypto platform that enables institutions to participate in digital assets through custody, staking, trading, governance, settlement and security infrastructure, an Anchorage Digital spokesman said.
“Anchorage Digital Bank N.A. is pleased to further broaden access to crypto as a custodian selected for 21Shares’ U.S. spot ETF lineup,” Nathan McCauley, co-founder and CEO of Anchorage Digital, said in a separate news release issued by Anchorage Digital. “Our missions are in lockstep: creating a world where crypto can be a part of every portfolio.”
BitGo is “excited that 21Shares is adopting a multi-custodial approach, prioritizing security for ETP holders,” BitGo CEO Mike Belshe said in the 21Shares release.
As of Sept. 11, 21Shares US offered seven ETPs with assets under management totaling $2.5 billion, a 21Shares spokeswoman said. That included the $2.48 billion ARK 21Shares Bitcoin ETF, known by the ticker symbol ARKB, and the nearly $9 million 21Shares Core Ethereum ETF, which has the ticker symbol CETH.
