BlackRock Partners With Anchorage Digital for Enhanced Bitcoin ETF Security

BlackRock has bolstered the security of its iShares Bitcoin Trust (IBIT) by appointing Anchorage Digital Bank N.A. as an additional cryptocurrency custodian. This move introduces a dual-custodian model, joining Coinbase as the existing custodian to provide enhanced security and operational resilience for BIt’s BTC holdings. 8-K filing dated April 7 reveals this partnership. Anchorage Digital, the sole U.S. federally chartered digital asset bank, offers services including digital asset custody, staking, settlement, and on-chain governance.