The spot Bitcoin ETF issuer said it will still use Coinbase’s custodian services as part of a move to diversify custodians.
Asset management firm Valkyrie has added digital asset trust company BitGo as a custodian for its recently launched spot Bitcoin exchange-traded fund (ETF).
In an 8-K filing to the United States Securities and Exchange Commission (SEC) on Feb. 1, the firm stated that the Valkyrie Bitcoin Fund and BitGo had entered into a custodial services agreement on Jan. 17, which sees BitGo provide services related to custody and safekeeping of the Valkyrie ETF’s Bitcoin (BTC) holdings.
The firm, however, said it still plans to use Coinbase as a custodian and is understood to be the spot Bitcoin ETF issuer diversifying its digital asset custodians.
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Source: https://cointelegraph.com/news/valkyrie-adds-second-custodian-bitgo-spot-bitcoin-etf