Anchorage Digital, the only federally chartered crypto bank in the US, has become the custody provider for ARK 21Shares Bitcoin ETF, a leading issuer of crypto exchange-traded funds (ETFs). Anchorage Digital's custody extends to ARK 21Shares Bitcoin ETF and 21Shares Core Ethereum ETF. The move diversifies custody services for ETFs, which have been dominated by Coinbase Inc. Anchorage Digital highlights its legally required segregation of assets, industry-leading security, and novel technology as its advantages as a qualified custodian. Custody has become an increasingly important issue in the crypto sector, with the US Securities and Exchange Commission proposing rules that require crypto assets to be held by "qualified custodians."
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