TechFlow news — Federal-chartered crypto bank Anchorage Digital announced it will provide custody services for two U.S. spot cryptocurrency ETFs issued by 21Shares: the ARK 21Shares Bitcoin ETF (ARKB) and the 21Shares Core Ethereum ETF (CETH).
To enhance security, Anchorage will require issuers and participants to use biometric authentication when engaging with the crypto ETFs. Other technical enhancements include offline private key storage, low-latency architecture, and efficient ETF share creation and redemption processes.
As of April this year, Anchorage Digital manages over $50 billion in assets. Currently, the ARK 21Shares Bitcoin ETF holds $2.47 billion in net assets, while the 21Shares Core Ethereum ETF has accumulated $8.88 million.
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