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Valkyrie spreads risk, diversifies custody for its BRRR Bitcoin ETF between BitGo and Coinbase

From fxstreet.com

Valkyrie has become the first issuer to diversify custody services for its BTC ETF. Coinbase and BitGo will custody the BRRR henceforth as counterparts stick to singular custodial services. The move could inspire confidence among investors by reducing custodial risk. Valkyrie Fund has taken a different approach to bolster its position in the spot Bitcoin exchange-traded fund (ETF) market. While market peers such as Bitwise, VanEck, and Hashdex focus on commercials, the firm has opted to reassure customers with reduced custodian risk. Valkyrie chooses different path in BTC ETF marketing wars: Valkyrie Bitcoin Fund ... (full story)

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  • Category: Fundamental Analysis