Valkyrie Bitcoin ETF Adds BitGo as Second Custodian, Becoming First to Diversify Assets
• Valkyrie adds BitGo as second custodian for its Bitcoin ETF, becoming first ETF provider to diversify custody • Seen as move to mitigate risk and protect investor assets • BitGo CEO calls it "huge win" and predicts others will follow suit • Analysts agree, say more ETFs likely to add supplementary custodians • Comes after Valkyrie launched spot bitcoin ETF in October, initially relying solely on Coinbase as custodian