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Web3 Pioneer Kensuke Amo Takes Helm as COO to Propel Animoca Brands Japan into New Frontiers
Animoca Brands Japan, a key player in the Web3 landscape, has welcomed seasoned professional Kensuke Amo as its Chief Operating Officer. In an effort...
Victoria VR's Blockchain Metaverse App A Game-Changer for Apple Vision Pro
Victoria VR, a pioneering crypto-meets-virtual reality developer, is set to unveil the inaugural metaverse app designed by a blockchain-centric entit...
Scaling Bitcoin with Citrea Exploring the Potential of ZK Rollups
Citrea's approach to "scaling Bitcoin using ZK rollups" presents a significant opportunity for various initiatives across the cryptocurrency industry...
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Valkyrie has expanded its custodial partnerships, incorporating BitGo alongside Coinbase Trust Company for its spot bitcoin exchange-traded fund, as revealed in a recent regulatory filing. This strategic move aligns with the industry trend, where various spot bitcoin ETFs, including those by BlackRock, Bitwise, and Ark21, opt for Coinbase as their custodian. Notably, the Hashdex spot bitcoin ETF, approved last month, stands out by entrusting BitGo with custodial responsibilities. Mike Belshe, CEO of BitGo, lauds Valkyrie's decision, emphasizing its significance for the industry's asset security. Amidst intensifying competition, spot bitcoin ETF issuers are exploring avenues to enhance profitability, with fee reductions becoming a prevalent tactic. Invesco and Galaxy, positioned in the middle of the pack, recently slashed their fee from 0.39% to 0.25%, mirroring a broader trend as firms, including Fidelity, respond to the evolving landscape.
Valkyrie has expanded its custodial partnerships, incorporating BitGo alongside Coinbase Trust Company for its spot bitcoin exchange-traded fund, as revealed in a recent regulatory filing. This strategic move aligns with the industry trend, where various spot bitcoin ETFs, including those by BlackRock, Bitwise, and Ark21, opt for Coinbase as their custodian. Notably, the Hashdex spot bitcoin ETF, approved last month, stands out by entrusting BitGo with custodial responsibilities. Mike Belshe, CEO of BitGo, lauds Valkyrie's decision, emphasizing its significance for the industry's asset security. Amidst intensifying competition, spot bitcoin ETF issuers are exploring avenues to enhance profitability, with fee reductions becoming a prevalent tactic. Invesco and Galaxy, positioned in the middle of the pack, recently slashed their fee from 0.39% to 0.25%, mirroring a broader trend as firms, including Fidelity, respond to the evolving landscape.
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