U.S. Bancorp Returns to Crypto Custody Race, Joining a Growing Field of Financial Institutions

Following a three-year hiatus, U.S. Bancorp has reintroduced its Bitcoin custody service, targeting institutional investors with registered or private funds. This move coincides with the renewed interest in crypto assets spurred by the Trump administration’s pro-crypto stance. The bank is introducing exchange-traded funds (ETFs) as part of its Bitcoin custody program for the first time.