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BitGo and Valkyrie share a common mission to separate trade and custody by providing robust market infrastructure.
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ETF Issuers require qualified custodians to secure digital assets.
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Qualified digital asset custody is critical to regulators in the U.S. and globally to service the ETF industry.
PALO ALTO, Calif. — February 1, 2024. Digital asset financial instruments require regulated custodians to secure the underlying assets. BitGo’s support underscores the growing industry-wide call for institutional-grade custody-first solutions. BitGo has been a long-time collaborator with Valkyrie Investments, a leading global crypto-focused asset manager with $220 million in AUM. BitGo is the largest independent qualified custodian worldwide, making BitGo the ideal partner to serve the market’s needs for Bitcoin ETFs.
“Valkyrie Investments has already made a name for itself, providing investors with funds to tap into the digital asset space. Earlier this year, they took a new step forward with their newest ETF to help investors around the world get access to Bitcoin. It’s a privilege to be their custodian to support their product. We aim to demonstrate the value in private custody solutions to drive the next wave of adoption,” says Mike Belshe, CEO of BitGo.
“Valkyrie has a long-standing relationship with BitGo and is excited to grow the partnership between our firms,” says Steven McClurg, Chief Investment Officer of Valkyrie Investments.
As the industry enters the next phase of institutional interest, spot Bitcoin ETFs have already become a popular vehicle attracting billions in volume since their January 2023 launch. BitGo has been the gold standard for qualified custody in the digital asset industry. Our core ethos is focused on creating a market structure that separates custody from trading. Independent and qualified digital asset custody has become increasingly important to regulators in the U.S. and worldwide to ensure secure and compliant custody.
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About BitGo
BitGo is the digital asset infrastructure company, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have been focused on accelerating the transition of the financial system to a digital asset economy. With a global presence and multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, and millions of retail investors worldwide. For more information, visit www.bitgo.com.
©2025 BitGo, Inc. (collectively with its parent, affiliates, and subsidiaries, “BitGo”). All rights reserved. BitGo Trust Company, Inc., BitGo, Inc., and BitGo Prime LLC are separately operated, wholly-owned subsidiaries of BitGo Holdings, Inc., a Delaware corporation headquartered in Palo Alto, CA. BitGo does not offer legal, tax, or investment advisory services. The statements contained herein are only intended for marketing and informational purposes and should not be interpreted as legal, tax, or investment advice. Please consult your legal,tax,investment, or other professional advisor for questions about your specific circumstances. Digital asset holdings involve a high degree of risk, and digital asset values may fluctuate on any given day. Accordingly, your digital asset holdings may be subject to large swings in value and may even become worthless. The information provided herein is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law, statute, or regulation. BitGo is not directing this information to any person in any jurisdiction where the publication or availability of the information is prohibited, by reason of that person’s citizenship, residence, or otherwise. The information contained in our press releases, blogs, and presentations should be considered accurate only as of the date of the press release, blog, or presentation. We disclaim any obligation to supplement or update the information in these press releases, blogs, or presentations, except as may be required by law. Product availability and client eligibility will vary by jurisdiction. Services listed may be provided by one of BitGo's affiliated entities.