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.
In addition, 21Shares has integrated the industry-standard
Chainlink Proof of Reserve to enhance the transparency of the
Bitcoin and Ethereum reserves backing ARKB and CETH
respectively.
Press Contacts
21Sharesaudrey.belloff@21.co
Anchorage Digital press@anchorage.com
BitGopingchen@bitgo.com
About 21Shares US LLC 21Shares
US LLC serves as the sponsor to the 21Shares Core Ethereum ETF.
21Shares US LLC is an affiliate of 21Shares AG, one of the world’s
leaders in providing access to crypto through TradFi and DeFi.
21Shares AG issues cryptocurrency-backed exchange traded products
(ETPs) outside the United States in a number of global markets.
21Shares AG’s ETPs are built on its proprietary operating system,
Onyx, which is also available to third parties. For more
information, please visit www.21Shares.com/en-US.
About Anchorage Digital Anchorage Digital is a
crypto platform that enables institutions to participate in digital
assets through custody, staking, trading, governance, settlement,
and the industry’s leading security infrastructure. Home to
Anchorage Digital Bank N.A., the only federally chartered crypto
bank in the U.S., Anchorage Digital also serves institutions
through Anchorage Digital Singapore and self-custody wallet, Porto
by Anchorage Digital. The company is funded by leading institutions
including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa,
with its Series D valuation over $3 billion. Founded in 2017 in San
Francisco, California, Anchorage Digital has offices in New York,
New York; Porto, Portugal; Singapore; and Sioux Falls, South
Dakota. Learn more at anchorage.com, on X @Anchorage, and on
LinkedIn.
About BitGoBitGo is the leading infrastructure
provider of digital asset solutions, offering custody, wallets,
staking, trading, financing and settlement out of regulated cold
storage. Founded in 2013, BitGo is the first digital asset company
to focus exclusively on serving institutional clients. BitGo also
secures approximately 20% of all on-chain Bitcoin transactions by
value and is the largest independent digital asset custodian in the
world. For more information, please visit www.bitgo.com.
Important Information
Investing involves risk, including the possible
loss of principal. There is no assurance that the Trust will
generate a profit for investors. The Trust may not be suitable for
all investors.
The Trust is not an investment company
registered under the Investment Company Act of 1940 or a commodity
pool for purposes of the Commodity Exchange Act. Shares of
the Trust are not subject to the same regulatory requirements as
mutual funds. These investments are not suitable for all investors.
Trusts focusing on a single asset generally experience greater
volatility. There are special risks associated with short selling
and margin investing. Please ask your financial advisor for more
information about these risks.
Ether is a relatively new asset class, and the
market for ether is subject to rapid changes and uncertainty. Ether
is largely unregulated and ethereum investments may be more
susceptible to fraud and manipulation than more regulated
investments. Ether is subject to unique and substantial risks,
including significant price volatility and lack of liquidity, and
theft. The value of an investment in the Trust could decline
significantly and without warning, including to zero.
Ether is subject to rapid price swings,
including as a result of actions and statements by influencers and
the media, changes in the supply of and demand for ether, and other
factors. There is no assurance that ether will maintain its value
over the long-term.
Failure by the Trust’s Ether Custodian to
exercise due care in the safekeeping of the Trust’s ether could
result in a loss to the Trust. Shareholders cannot be assured that
the Ether Custodian will maintain adequate insurance with respect
to the ether held by the custodian on behalf of the Trust.
The Trust is not actively managed and will not
take any actions to take advantage, or mitigate the impacts, of
volatility in the price of ethereum.
An investment in the Trust is not a direct
investment in ethereum. Investors will also forgo certain rights
conferred by owning ethereum directly.
Shares of the Trust are generally bought and
sold at market price (not NAV) and are not individually redeemed
from the Trust. Only Authorized Participants may trade directly
with the Trust and only large blocks of Shares called “creation
units.” Your brokerage commissions will reduce returns.
Shares in the Trust are not FDIC insured
and may lose value and have no bank guarantee.
This material must be accompanied or preceded by
a prospectus (link to the prospectus once live).
Carefully consider the Trust’s investment objectives, risk factors,
and fees and expenses before investing. For further discussion of
the risks associated with an investment in the Trust please read
the Trust’s prospectus.
The Marketing Agent is Foreside Global Services,
LLC.21Shares US LLC is the Sponsor to the Trust.21Shares is not
affiliated with Foreside Global Services, LLC.
© 2024. 21Shares US LLC. No part of this
material may be reproduced in any form, or referred to in any other
publication, without written permission.
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