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21Shares diversifies custodians to reduce ‘single-point failure risk’ in crypto ETFs

Asset manager 21Shares has added Anchorage Digital Bank and BitGo as custodians for its spot crypto exchange-traded funds (ETFs) — the ARK 21Shares Bitcoin ETF (ARKB) and the 21Shares Core Ethereum ETF (CETH). According to a Sept. 12 statement, Anchorage Digital Bank and BitGo will now work alongside current custodian Coinbase to enhance 21Shares’ spot…

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21Shares Launches Bitcoin Wrapper on Ethereum Introducing 21BTC

21Shares launches 21BTC, a Bitcoin wrapper on Ethereum. 21BTC simplifies cross-chain transactions for Ethereum-based DeFi. 21Shares has officially launched 21BTC, a new Bitcoin wrapper on the Ethereum network. This product allows users to access Bitcoin’s value while utilizing the diverse functionalities of Ethereum’s decentralized finance (DeFi) ecosystem. By introducing 21BTC, 21Shares aims to bridge the…

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