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Valkyrie Enhances Security with Dual Custody Strategy for Bitcoin ETF

Published 02/02/2024, 21:05
Updated 02/02/2024, 21:15
© Reuters.  Valkyrie Enhances Security with Dual Custody Strategy for Bitcoin ETF
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Coin Edition -

  • Valkyrie pioneers with BitGo and Coinbase (NASDAQ:COIN) for unmatched Bitcoin ETF security, marking a first in dual-custody asset safeguarding.
  • Dual-custody strategy by Valkyrie underscores the growing emphasis on robust security measures in the digital asset management sphere.
  • The innovative approach by Valkyrie, using both BitGo and Coinbase, paves the way for enhanced safety standards in cryptocurrency investments.

Digital asset management pioneer Valkyrie has made headlines by becoming the first entity to deploy a dual-custody approach for its spot Bitcoin Exchange-Traded Fund (ETF). This move involves leading custodians BitGo and Coinbase, enhancing the fund’s security and reliability.

Dated February 1, 2024, a recent Securities and Exchange Commission (SEC) filing sheds light on Valkyrie’s commitment to bolster the safeguarding mechanisms for its investors’ assets.

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