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21Shares Partners with BitGo for Enhanced Crypto Custody and Staking

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21Shares Introduces JitoSOL ETP to Offer Staking Rewards via Solana

TLDR

  • 21Shares has expanded its partnership with BitGo to include custody and staking services for its crypto ETPs.
  • BitGo will offer regulated custody, trading, execution services, and integrated staking infrastructure for 21Shares’ products.
  • The partnership will support 21Shares’ US exchange-traded funds and global crypto ETPs across both the US and Europe.
  • BitGo’s services will be delivered through its OCC-approved trust bank in the US and MiCA-licensed operations in Europe.
  • 21Shares manages over $5.4 billion in assets across 59 exchange-traded products listed on 13 global exchanges.

21Shares has announced an expansion of its partnership with BitGo to enhance its custody and staking services. The collaboration will support 21Shares’ crypto exchange-traded products (ETPs) across the United States and Europe. BitGo will provide regulated custody, trading, execution services, and integrated staking infrastructure for these products.

This agreement allows 21Shares to offer investors seamless access to its US exchange-traded funds (ETFs) and global ETPs. BitGo will also provide liquidity across various electronic and over-the-counter markets.

The services will be offered through BitGo’s regulated entities in both the US and Europe. This includes the federally chartered trust bank approved by the Office of the Comptroller of the Currency (OCC) and MiCA-licensed operations authorized by Germany’s Federal Financial Supervisory Authority.

BitGo to Support 21Shares’ US and Global ETPs

The expanded partnership will enable BitGo to offer a range of services that support 21Shares’ exchange-traded products. BitGo’s services will include both custody and staking solutions for 21Shares’ clients. With a presence in the US and Europe, BitGo’s platform offers strong compliance with regulatory standards. This includes its OCC-approved US trust bank and MiCA-licensed European operations.

21Shares, a subsidiary of FalconX, is one of the world’s largest crypto ETP issuers. As of February 11, the company manages over $5.4 billion in assets across 59 products listed on 13 exchanges. This move marks another milestone in BitGo’s ongoing efforts to provide institutional-grade services to crypto investors.

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21Shares Benefits from BitGo’s Custody and Staking Infrastructure

The partnership will also enhance 21Shares’ ability to tap into the growing demand for yield-generating crypto infrastructure. Staking services have become a key feature for institutional investors seeking enhanced returns from their crypto holdings. BitGo’s fully regulated framework will offer these investors access to secure custody and staking services.

This move comes just weeks after BitGo began trading on the New York Stock Exchange under the ticker BTGO. The crypto industry has seen a rise in staking services, with platforms like Coinbase and Anchorage Digital also expanding their staking offerings. The growing interest in liquid staking, which allows users to stake while maintaining liquidity, further supports the demand for BitGo’s services.

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Square launches zero-fee Bitcoin payments for US merchants through 2026: Square

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Square launches zero-fee Bitcoin payments for US merchants through 2026: Square


Square is waiving processing fees for Bitcoin payments at US merchants for two years, with instant dollar conversion to reduce adoption barriers.

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$80M Hyperliquid Whale Bet Predicts Bitcoin Crash and Oil Rally

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$80M Hyperliquid Whale Bet Predicts Bitcoin Crash and Oil Rally

Key takeaways:

  • A Hyperliquid whale placed an $80 million bet against Bitcoin and the S&P 500 while going long on Brent crude oil prices.

  • The whale’s history of massive losses and inconsistent signals suggests the trade could fall on the wrong side of the market.

Bitcoin (BTC) showed strength on Wednesday, bouncing back from Tuesday’s $66,000 low after President Donald Trump teased a potential ceasefire in the US and Israel-Iran war. Even with Bitcoin trading above $68,000, one whale used Hyperliquid DEX to place an $80 million bet on a market collapse. 

Traders are now watching closely to see if this whale’s massive position signals a looming Bitcoin price drop.

Hyperliquid whale 0x94d373…c933814 position. Source: CoinGlass

The Hyperliquid whale, linked to address 0x94d373…c933814, carefully built this nearly $80 million leveraged position between Tuesday and Wednesday. The trade includes a $40 million short (sell) on Bitcoin futures near $68,760, a $2 million short on synthetic S&P 500 Index contracts, and a $37 million long (buy) in synthetic Brent oil contracts.

Crude Brent oil (left) vs. Bitcoin/USD (right). Source: TradingView

The whale’s aggregate position leverage stood at 7 times, indicating high conviction. The Bitcoin futures liquidation price was $80,083, while the Brent oil position would be forcefully terminated above $93. The timing of the trade is curious as S&P 500 Index futures gained 4% between Tuesday and Wednesday as traders anticipate the US and Israel-Iran war dissipating over the next few weeks.

On Wednesday, President Trump said “Iran’s New Regime President” is considering a “ceasefire,” although the conditions to fully reopen the Strait of Hormuz remain unknown. Iran demands reparations and sovereignty. Thus, one could assume that the Hyperliquid whale is counter-trading the market’s optimistic take, betting that Brent crude oil prices will jump while Bitcoin loses its value.

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This Hyperliquid whale previously lost $40 million

This address belongs to a particularly unlucky whale, or at least one who has been extremely unsuccessful since late January. The Hyperliquid whale apparently uses bots for execution, given the sheer number of small trades that build into huge positions, but it still managed to lose $37 million in its first month of activity in December 2025.

The same user was flagged by X user ‘lookonchain’ on Feb. 5 after taking a massive loss on leveraged bullish bets on Ether (ETH), Bitcoin, Solana (SOL), and XRP (XRP). 

Source: X/lookonchain

According to the analysis, the whale had previously made $25 million in profits from shorts in multiple cryptocurrencies, but decided to flip the position on Feb. 4, resulting in a $40 million loss. There is no way to know exactly what triggered this entity to place those bets, but the event proves that even whales can misinterpret the market.

Related: Warren Buffett bought $17B in US T-bills: A bad omen for Bitcoin price?

The erratic signals from President Trump regarding a potential full-on invasion and the war in Iran leave room for opposing views. Iranian Foreign Minister Abbas Araghchi denied there were talks for a ceasefire but confirmed to Al Jazeera on Tuesday that there was an intention to end the war, according to CNBC.

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Given the history of this whale’s market positioning and its track record of losing trades, it’s possible that the current $80 million bet may fall on the wrong side of the market.