{"id":477456,"date":"2024-02-02T11:04:34","date_gmt":"2024-02-02T11:04:34","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=477456"},"modified":"2024-02-02T17:25:20","modified_gmt":"2024-02-02T17:25:20","slug":"valkyrie-partners-with-bitgo-to-become-the-first-spot-bitcoin-etf-to-diversify-btc-custody","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/valkyrie-partners-with-bitgo-to-become-the-first-spot-bitcoin-etf-to-diversify-btc-custody","title":{"rendered":"Valkyrie Partners With BitGo To Become The First Spot Bitcoin ETF To Diversify BTC Custody"},"content":{"rendered":"

Valkyrie has become the first spot Bitcoin ETF (exchange-traded fund) to diversify the custody of its coins by entering into an agreement with BitGo, while still using Coinbase.<\/span><\/p>\n

Valkyrie is making a strategic move to strengthen the security infrastructure of its spot Bitcoin <\/span>ETF<\/span><\/a> by working with multiple custody providers. <\/span><\/p>\n

Through the collaboration with BitGo, the digital asset investment firm aims to ensure the safety of their Bitcoin holdings by diversifying funds that were all previously held by Coinbase. Greater security may appeal to some customers.<\/span><\/p>\n

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JUST IN: 🇺🇸 Valkyrie becomes first spot #Bitcoin<\/a> ETF to diversify the custody of their coins. <\/p>\n

Their #BTC<\/a> will now be held with BitGo and Coinbase. pic.twitter.com\/eKOPxCJgwb<\/a><\/p>\n

— Bitcoin Magazine (@BitcoinMagazine) February 1, 2024<\/a><\/p><\/blockquote>\n