other material
confidence high
sentiment neutral
materiality 0.30
CoinShares Valkyrie Bitcoin Fund signs custody deal with Komainu for Bitcoin holdings
CoinShares Bitcoin ETF
- Komainu (Jersey) Limited will provide custody and safekeeping services for Fund's bitcoin under a 36-month agreement commencing September 27, 2024.
- Existing custodians Coinbase and BitGo remain unchanged; Fund expects to use all three custodians.
- Komainu services will not begin until SEC declares effective a post-effective amendment to the Fund's S-1 registration statement.
- Agreement includes indemnification by the Fund for losses related to use of services or breach of Agreement.
- Komainu may terminate for any reason with 3 months' notice or immediately for regulatory or force majeure events.