BitGo and 21shares Expand Their Global ETF Partnership Across Staking and Custody

• BitGo and 21shares are expanding their partnership across custody and staking services in both the U.S. and EMEA, supporting 21shares platform of crypto ETFs and ETPs.

• 21shares gains access to BitGo's full institutional stack: deep liquidity, OTC and electronic execution, competitive staking rewards, and regulated insured custody, all on a single platform.

• BitGo's regulatory milestones underpin the partnership, including OCC approval for a federally chartered trust bank, a recent NYSE IPO, and an existing MiCAR license from BaFin enabling regulated services across the EU.

We're pleased to announce a significant expansion of our partnership with 21shares, one of the world's largest issuers of cryptocurrency exchange-traded products, spanning custody and staking services across the United States and EMEA. This deepened collaboration reflects a shared commitment to building the institutional infrastructure that regulated crypto markets demand.

21shares manages $5.7 billion in AUM across a broad global lineup of crypto ETFs and ETPs, serving investors across the U.S. and Europe. Their disciplined approach to product development, institutional-grade operations, and expanding ETP platform make them a natural long-term partner for BitGo as demand for regulated digital asset exposure accelerates in key markets worldwide.

Through BitGo's platform, 21shares has access to the full institutional infrastructure stack required to run a world-class ETP business, delivered within regulated and insured qualified custody framework:

• Regulated custody: Regulated, insured cold-storage custody providing institutional-grade asset protection.

• Trading: Deep liquidity, tighter spreads and better execution across both electronic and OTC markets.

• Staking: Competitive staking rewards delivered natively within the custody framework.

• Global support: A globally distributed institutional team dedicated to complex ETP operations.

“21shares is one of the leading digital asset managers globally and we’ve valued our partnership from the outset,” said Adam Sporn, Head of Prime Brokerage and Institutional Sales at BitGo. “We’re excited to expand our relationship across their growing suite of U.S. ETF products and global ETPs across staking and custody. As 21shares continues to scale its business worldwide, we look forward to supporting their future initiatives with a shared long-term vision.” 

“21shares prides itself on providing  a custody framework designed to support institutional digital asset operations and risk management across its global lineup of ETPs,” said Andres Valencia, Head of Investment Management at 21shares. “BitGo was selected due to the firm’s track record in regulatory compliance, safety and security, and we are thrilled to be expanding our relationship across staking and custody services with this important and trusted partner. BitGo’s infrastructure supports our continued growth while maintaining the highest standards of security and governance.”

Built on a foundation of regulatory strength

This expansion comes at a moment of significant regulatory and institutional momentum for BitGo. Three milestones in particular reinforce our ability to serve global ETP partners at the highest level:

• OCC approval: BitGo received approval from the Office of the Comptroller of the Currency to convert BitGo Trust Company, Inc. to a federally chartered trust bank for digital assets, BitGo Bank & Trust, National Association.

• NYSE IPO: BitGo completed its initial public offering on the New York Stock Exchange (NYSE: BTGO), further strengthening our governance, transparency, and operational resilience as an institutional partner.

• MiCAR license: BitGo’s European entity, BitGo Europe GmbH, holds a Markets in Crypto-Assets Regulation license from BaFin, enabling regulated services across the European Union and directly supporting 21shares' EMEA product lineup.

Together, these milestones give institutional partners like 21shares the confidence that BitGo's infrastructure is built to operate at global scale, under the governance frameworks that regulated financial markets require.

Both firms are aligned on a partnership-led approach to growth, with ongoing collaboration across operations, product development, and global market support. As institutional adoption of digital assets continues to accelerate, we believe the most important work is still ahead, and we're proud to be building it alongside 21shares.

Partner with BitGo for your institutional digital asset needs

From custody and staking to trading and settlement, BitGo provides the regulated infrastructure that leading ETP issuers rely on. Get in touch to learn more about our institutional services.