Valkyrie Bitcoin Spot ETF will be jointly hosted by BitGo and Coinbase
Bloomberg ETF analyst James Seyffart stated that Valkyrie has confirmed BitGo as its Bitcoin spot ETF custodian, and its held Bitcoin will now be co-custodied by BitGo and Coinbase. Valkyrie has become the first Bitcoin spot ETF to mitigate custody risk through decentralization.
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