1. Benefits of Crypto ETFs According to Anchorage Digital
2. Anchorage Digital’s Remarkable Strides
3. Crypto ETFs Simplify Access to Digital Assets Investments

Anchorage Digital, the only U.S. federally chartered crypto bank, announced that it will provide custody services for 21Shares’ new Exchange-Traded Funds (ETFs). The digital investment products are the ARK 21Shares Bitcoin ETF (ARKB) and the 21Shares Core Ethereum ETF (CETH).

Benefits of Crypto ETFs According to Anchorage Digital

Anchorage Digital CEO Nathan McCauley shared that the federal charter allows the firm to operate nationally, providing a higher level of trust and security. The crypto bank will make biometric authentication mandatory for crypto ETF issuers and participants to minimize human error. Technological upgrades include storing private keys offline and employing a speedy architecture, as well as streamlining ETF share creation and redemption.

Anchorage Digital’s Remarkable Strides

Since its establishment in 2017, the crypto bank has significantly contributed to connecting traditional finance with the digital asset ecosystem. In 2022, through a strategic partnership, the firm expanded its operations to Asian markets. Forbes reported that by 2024, the crypto bank manages assets worth over $50 billion.

Crypto ETFs Simplify Access to Digital Assets Investments

The creation of crypto ETFs aims to provide a broader range of investors with simpler access to regulated products based on cryptocurrencies. In January, the leading digital asset, Bitcoin ETFs, was approved, paving the way for Ethereum (ETH) ETFs to launch in May. These digital investment products have allowed more traditional investors and countries to participate in the crypto market.

The partnership between Anchorage Digital and 21Shares in providing custody services for new crypto ETFs will open new opportunities for investors and ensure a high level of security and trust in asset management.