According to a press release from Anchorage Digital Bank, the federally chartered crypto bank will now be providing custody services for two new US spot cryptocurrency exchange-traded funds.
The ARK 21Shares Bitcoin ETF (ARKB) and the 21Shares Core Ethereum ETF (CETH) are both issued by 21Shares.
Anchorage Digital’s CEO Nathan McCauley expressed the bank’s qualifications as a federal charter bank and its role as a qualified custodian, making it the top choice for ETF custody diversification.
To ensure security and mitigate the risk of human error, the bank will require biometric authentication for both issuers and participants of the crypto ETFs.
