other material
confidence high
sentiment neutral
materiality 0.50
ARK 21Shares Bitcoin ETF adds BitGo and Anchorage as custodians for bitcoin holdings
Ark 21Shares Bitcoin ETF
- Trust entered custodial agreements with BitGo and Anchorage effective Sept 11, 2024, for one-year initial term.
- Custodians will hold segregated accounts for trust's bitcoin; allocation among Coinbase, BitGo, Anchorage at sponsor's discretion.
- Sponsor will not disclose allocation percentages and may change at any time without notice to shareholders.
- Transfer fees between custodians borne by sponsor, not by trust or shareholders.
- Existing Coinbase custody arrangement unaffected; sponsor expects to use all three custodians.