Valkyrie has added BitGo as a custodian for its spot bitcoin exchange-traded fund, according to a regulatory filing posted on Thursday.
Valkyrie said it still plans to have Coinbase Trust Company stay on as a custodian as well.
“The Sponsor anticipates utilizing the custodial services of both Coinbase and BitGo to custody the Trust’s bitcoin,” Valkyrie said.
Many of the spot bitcoin ETFs that got approval from the Securities and Exchange Commission have Coinbase as their custodians, including BlackRock, Bitwise and Ark21. The Hashdex spot bitcoin ETF, which was also approved last month, lists BitGo as its custodian.
Mike Belshe, CEO of BitGo, called Valkyrie’s move to add his firm as a custodian as a win for the industry, in a post on X, formerly known as Twitter.
“Valkyrie has added @BitGo as a custodian for their #Bitcoin ETF. This is a huge win for the industry as we partner to secure their assets,” Belshe said on Thursday. “
