Strengthened Partnership Between BitGo and 21Shares
BitGo Holdings, Inc. and 21Shares have fortified their collaboration, aiming to further enhance their offerings in the realm of crypto exchange-traded products (ETPs) and exchange-traded funds (ETFs). The strengthened partnership spans both the U.S. and European markets, marking an important strategic alliance between these two significant entities in the digital asset investment space.
Comprehensive Services Offered
Under the terms of this extended agreement, BitGo will deliver comprehensive services including qualified custody, trading, execution, and integrated staking for 21Shares’ ETFs listed in the United States, as well as its international ETPs. These services ensure secure asset holding while providing access to significant liquidity across both electronic and over-the-counter markets. Furthermore, investors will benefit from competitive staking rewards, all within a framework that is regulated and insured by BitGo.
Market Position and Strategic Timing
With approximately $5.7 billion in assets under management, 21Shares stands as a prominent player in the crypto investment sector and is set to leverage BitGo’s established infrastructure to broaden its digital asset product line. This revised partnership not only facilitates access to spot crypto products but also introduces instruments that enable investors to earn staking yields—a feature that’s increasingly appealing to institutional and regulated investors.
The timing of this partnership is particularly noteworthy, as there is a noticeable uptick in institutional appetite for regulated cryptocurrency products. By combining BitGo’s expert custody and staking services with 21Shares’ extensive ETP platform, both firms are strategically positioning themselves to attract professional capital seeking reliable and compliant avenues into the digital asset realm.
Leadership Insights
Adam Sporn, who oversees Prime Brokerage and Institutional Sales at BitGo, emphasized the significance of this partnership as 21Shares expands its ETF offerings globally.
In parallel, Andres Valencia, 21Shares’ Head of Investment Management, remarked on BitGo’s strong reputation for security, compliance, and governance, reinforcing its suitability as a partner for advancing staking and custody solutions.
Recent Achievements and Future Goals
This development follows a series of recent achievements for BitGo, including receiving regulatory approvals and its listing on the NYSE, which enhance its framework for supporting institutional clients. Meanwhile, 21Shares is actively working to extend its global presence in the ETF and ETP sectors, capitalizing on trusted alliances like that with BitGo to ensure secure scalability.
