BitGo and 21shares Accelerate Global ETF Partnership Across Staking and Custody

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Key Terms

exchange traded products (ETPs) financial

Exchange traded products (ETPs) are investment tools that are bought and sold on stock exchanges, similar to stocks. They typically track the performance of a specific asset or group of assets, such as commodities, currencies, or market indexes, allowing investors to gain exposure without owning the underlying assets directly. ETPs matter to investors because they offer a flexible, accessible way to diversify investments and respond quickly to market changes.

staking technical

Staking is the practice of locking up digital tokens to help run a blockchain network in return for rewards, similar to leaving money in a time deposit that pays interest while it’s unavailable. It matters to investors because staking can generate regular income and affect a token’s circulating supply and price, but it also ties up assets and can carry risks like lock-up periods, reduced liquidity, or technical and platform failures.

qualified custody regulatory

An arrangement where a regulated, vetted third-party custodian holds and safeguards financial assets on behalf of an investor, fund, or company, operating under specific legal and operational standards. It matters to investors because qualified custody reduces the risk of loss, theft or commingling, preserves clear legal ownership and helps meet regulatory and audit requirements — like keeping valuables in a bank safe deposit box that is subject to formal rules and inspections.

exchange traded fund (ETF) financial

An exchange traded fund (ETF) is a single investment that holds a mix of stocks, bonds or other assets but can be bought and sold on an exchange like a stock. Think of it as a grocery basket of investments you can trade any time the market is open; it gives instant diversification and often lower costs than buying each holding separately, making it a convenient tool for investors to gain exposure, manage risk, or follow a market segment.

Office of the Comptroller of the Currency (OCC) regulatory

A U.S. federal agency that licenses, supervises and enforces rules for nationally chartered banks and federal savings associations, acting like a watchdog and rulebook keeper for those institutions. Investors care because the OCC’s inspections, enforcement actions and policy decisions affect a bank’s safety, capital, ability to grow or merge, and overall risk — similar to how a building inspector’s reports influence a property’s value and marketability.

federally chartered trust bank regulatory

A federally chartered trust bank is a bank licensed under federal law to act as a professional guardian and manager of other people’s money and legal interests, handling trusts, estates, custodial accounts and related services. For investors, this matters because such banks operate under national oversight and strict duties to act in clients’ best interests, which can mean steadier fee income, greater perceived safety for held assets, and clearer legal protections compared with less-regulated providers.

Markets in Crypto-Assets Regulation (MiCAR) regulatory

MiCAR is a comprehensive regulatory framework that sets common rules for creating, offering and trading crypto-assets and for the firms that provide crypto services, much like traffic laws that organize how vehicles, signs and lanes operate on a road. It matters to investors because it seeks to reduce fraud and confusion by requiring clearer information, oversight and accountability from platforms and issuers, which can lower risk and make investment choices more reliable.

Federal Financial Supervisory Authority (BaFin) regulatory

Germany’s Federal Financial Supervisory Authority (BaFin) is the national regulator that monitors banks, insurance companies, securities markets and financial service providers to enforce rules, protect customers and keep the financial system stable. Investors care because BaFin acts like a referee and traffic cop—setting disclosure standards, investigating misconduct, issuing fines or trading restrictions, and intervening to reduce risk, any of which can affect a company’s share price and market trust.

02/12/2026 - 07:00 AM

NEW YORK--(BUSINESS WIRE)-- BitGo Holdings, Inc. (NYSE: BTGO), the digital asset infrastructure company, and 21shares, one of the world’s largest issuers of cryptocurrency exchange traded products (ETPs), today announced a significant expansion of their partnership across the United States and EMEA. Building on their existing collaboration, the firms have agreed to deepen their partnership across staking and custody services to support 21shares’ growing suite of crypto ETP products, serving investors across the US and Europe.

21shares is one of the leading issuers of digital asset investment products with a broad global footprint and an AUM of $5.7bn¹. The firm’s disciplined approach to product development, along with its commitment to institutional-grade operations and its expanding ETF and ETP platform, positions 21shares as a strategic partner of BitGo as demand for regulated crypto exposure continues to grow in key markets around the world.

BitGo provides the infrastructure required to support 21shares’ expanding platform with ease through its security, deep trading and execution capabilities, integrated staking services and a globally distributed team dedicated to supporting institutional clients. Through BitGo’s platform, 21shares has access to deep liquidity, better execution across electronic and OTC markets, plus competitive staking rewards to support efficient digital asset operations. All services are delivered within BitGo’s regulated and insured qualified custody framework, providing institutional-grade protection that many infrastructure providers in the digital asset industry are unable to offer.

“21shares is one of the leading digital asset managers globally and we’ve valued our partnership from the outset,” said Adam Sporn, Head of Prime Brokerage and Institutional Sales at BitGo. “We’re excited to expand our relationship across their growing suite of U.S. ETF products and global ETPs across staking and custody. As 21shares continues to scale its business worldwide, we look forward to supporting their future initiatives with a shared long-term vision.”

“21shares prides itself on providing a custody framework designed to support institutional digital asset operations and risk management across its global lineup of ETPs,” said Andres Valencia, Head of Investment Management at 21shares. “BitGo was selected due to the firm’s track record in regulatory compliance, safety and security, and we are thrilled to be expanding our relationship across staking and custody services with this important and trusted partner. BitGo’s infrastructure supports our continued growth while maintaining the highest standards of security and governance.”

This expansion follows continued momentum at BitGo, including receiving approval from the Office of the Comptroller of the Currency (OCC) to convert its subsidiary, BitGo Bank & Trust, to a federally chartered trust bank for digital assets and its recent IPO on the New York Stock Exchange, further enhancing BitGo’s ability to serve institutional partners with strong governance, regulatory alignment, and operational resilience. These milestones also build upon BitGo’s existing Markets in Crypto-Assets Regulation (MiCAR) License from the Federal Financial Supervisory Authority (BaFin) to provide regulated services across the European Union. These regulatory approvals and licenses apply to BitGo’s entities and services and do not constitute approval or endorsement of any ETF, ETP, or investment product.

Both firms emphasized a shared commitment to partnership-led growth with ongoing collaboration across operations, product development, and global market support as institutional adoption of digital assets markets continues to dramatically accelerate.

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¹ As of February 10, 2026

About BitGo
BitGo (NYSE: BTGO) is the digital asset infrastructure company delivering custody, wallets, staking, trading, financing, stablecoins, and settlement services from regulated cold storage. Since 2013, BitGo has focused on accelerating the transition of the financial system to a digital asset economy. BitGo maintains a global presence and multiple regulated entities, including BitGo Bank & Trust, National Association, a federally chartered digital asset bank. Today, BitGo serves thousands of institutions, including many of the industry's top brands, financial institutions, exchanges, and platforms, and millions of investors worldwide. For more information, visit www.bitgo.com.

About 21shares
21shares is one of the world’s leading cryptocurrency exchange traded product (ETP) providers and offers one of the largest suites of crypto ETPs in the market. The company was founded to make cryptocurrency more accessible to investors, and to bridge the gap between traditional finance and decentralized finance. 21shares listed the world’s first physically-backed crypto ETP in 2018, building a seven-year track record of creating crypto ETPs that are listed on some of the biggest, most liquid securities exchanges globally. Backed by a specialized research team, proprietary technology, and deep capital markets expertise, 21shares delivers innovative, simple and cost-efficient investment solutions.

21shares is a subsidiary of FalconX, one of the world's largest digital asset prime brokers. 21shares maintains independent operations from FalconX while strategically leveraging the resources and reach of FalconX to accelerate its mission and unlock new growth. For more information, please visit www.21shares.com.

Forward Looking Statements
This press release contains forward-looking statements. Forward-looking statements include all statements that are not historical facts. These statements may include words such as “aim,” “anticipate,” “assume,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “forecast,” “foreseeable,” “guidance,” “intend,” “likely,” “may,” “objectives,” “outlook,” “plan,” “potentially,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” or variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors include but are not limited to those described under “Risk Factors” in BitGo’s registration statement on Form S-1, as amended, relating to the initial public offering. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the registration statement. Although BitGo believes that the expectations reflected in its forward-looking statements are reasonable, it cannot guarantee future results. BitGo undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.