21Shares Selects Anchorage Digital Bank and BitGo as Custodians for US Spot ETP Product Lineup

Anchorage Digital Bank and BitGo join Coinbase as 21Shares’ custody partners for ARKB and CETH

NEW YORK, September 12, 2024 – 21Shares US LLC ("21Shares"), an affiliate of 21Shares AG, one of the world’s largest issuers of crypto exchange traded products (ETPs), today announced that it has selected federally chartered bank, Anchorage Digital Bank N.A. and BitGo as custodians for its US spot ETPs – the ARK 21Shares Bitcoin ETF (ARKB) and the 21Shares Core Ethereum ETF (CETH).

Anchorage Digital Bank and BitGo join current custodian Coinbase, strengthening 21Shares’ spot ETP operations in the US market. 21Shares selected both Anchorage Digital Bank and BitGo due to their track records in regulatory compliance, safety and security.

“21Shares is thrilled to be working with Anchorage Digital Bank and BitGo to diversify our custodians for our US spot ETPs. We consider our custody partners to be crucial to the risk management and operational excellence of our product lineup, and diversification adds to the safety and security of our offering,” said Andres Valencia, Head of Investment Management at 21Shares. “Both Anchorage Digital Bank and BitGo are well established providers and will provide enhanced security to clients of ARKB and CETH.”

Commenting on today’s announcement, Nathan McCauley, Co-Founder and CEO of Anchorage Digital Bank said: “Anchorage Digital Bank N.A. is pleased to further broaden access to crypto as a custodian selected for ARKB and CETH. Our missions are in lockstep: creating a world where crypto can be a part of every portfolio. Our federal charter—which supersedes state-by-state regulation and positions us as a qualified custodian—makes us a natural choice for ETP custody diversification. We are proud to provide industry leaders, like 21Shares, the regulatory certainty and security profile they need to streamline access to crypto via a regulated ETP wrapper.”

“We're excited that 21Shares is adopting a multi-custodial approach, prioritizing security for ETP holders. BitGo is proud to offer 100% cold storage as a leading independent custodian, serving the industry for over a decade as a trusted partner for ETP issuers,” said Mike Belshe, CEO of BitGo.

Launched in January 2024, the ARK 21Shares Bitcoin ETF (ARKB) offers investors exposure to bitcoin, the first decentralized currency and the largest digital asset by market cap. Launched in July 2024, the 21Shares Core Ethereum ETF (CETH) seeks to track the performance of Ether (ETH), the second-largest crypto asset by market capitalization.