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 its custodian for its recently launched spot Bitcoin (BTC) exchange-traded fund (ETF).
In an 8-K filing to the United States Securities and Exchange Commission on Feb. 1, the firm stated that the Valkyrie Bitcoin Fund and BitGo Trust Company 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 holdings.
The firm, however, said it still plans to use Coinbase Trust Company as a custodian — and is understood to be the spot Bitcoin ETF issuer to diversify its digital asset custodians.
