BitGo will Serve as Custodian for Valkyrie Bitcoin ETF

• BitGo and Valkyrie share a common mission to separate trade and custody by providing robust market infrastructure.

• ETF Issuers require qualified custodians to secure digital assets.

• Qualified digital asset custody is critical to regulators in the U.S. and globally to service the ETF industry.

PALO ALTO, Calif. - February 1, 2024. Digital asset financial instruments require regulated custodians to secure the underlying assets. BitGo's support underscores the growing industry-wide call for institutional-grade custody-first solutions. BitGo has been a long-time collaborator with Valkyrie Investments, a leading global crypto-focused asset manager with $220 million in AUM. BitGo is the largest independent qualified custodian worldwide, making BitGo the ideal partner to serve the market's needs for Bitcoin ETFs.

"Valkyrie Investments has already made a name for itself, providing investors with funds to tap into the digital asset space. Earlier this year, they took a new step forward with their newest ETF to help investors around the world get access to Bitcoin. It's a privilege to be their custodian to support their product. We aim to demonstrate the value in private custody solutions to drive the next wave of adoption," says Mike Belshe, CEO of BitGo.

"Valkyrie has a long-standing relationship with BitGo and is excited to grow the partnership between our firms," says Steven McClurg, Chief Investment Officer of Valkyrie Investments.

As the industry enters the next phase of institutional interest, spot Bitcoin ETFs have already become a popular vehicle attracting billions in volume since their January 2023 launch. BitGo has been the gold standard for qualified custody in the digital asset industry. Our core ethos is focused on creating a market structure that separates custody from trading. Independent and qualified digital asset custody has become increasingly important to regulators in the U.S. and worldwide to ensure secure and compliant custody.