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21Shares Taps BitGo for Regulated Staking and Custody in US & Europe

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Crypto Breaking News

BitGo Holdings and 21Shares have broadened their alliance to extend custody and staking services for 21Shares’ U.S. exchange-traded funds and global exchange-traded products. The expanded deal will see BitGo provide qualified custody, trading and execution capabilities, and a unified staking infrastructure for 21Shares’ US-listed ETFs and international ETPs. The press release notes that this arrangement gives 21Shares enhanced access to liquidity across electronic and over-the-counter markets as part of a broader strategy to scale regulated crypto yield solutions for institutional investors. The partnership is anchored in BitGo’s regulated framework in the United States and Europe, leveraging its OCC-regulated federally chartered trust bank and MiCA-licensed European operations. Announcement.

21Shares is a major crypto ETF issuer, with an established footprint across 13 exchanges and 59 listed products, supported by more than $5.4 billion in assets under management as of Feb. 11, according to its public materials. The collaboration follows BitGo’s own foray into the public markets earlier in the year, when the Palo Alto-based infrastructure provider began trading on the New York Stock Exchange under the ticker BTGO.

In recent months, custodial and staking services have become increasingly entwined as institutions seek yield-generating crypto infrastructure within regulated wrappers. The new BitGo–21Shares framework exemplifies this shift, allowing traditional and alternative asset managers to offer staking yields while maintaining compliant custody—an arrangement that can streamline onboarding for large-scale investors who require robust risk controls and auditability. The broader ecosystem has seen a spate of partnerships and integrations aimed at embedding staking deeper into regulated product lines, a trend that has accelerated as more institutions seek regulated exposure to proof-of-stake ecosystems.

Among the notable examples cited in the ecosystem: a Coinbase–Figment collaboration that broadened institutional staking for assets including Avalanche (AVAX), Aptos (APT), Sui (SUI) and Solana (SOL) through Coinbase Custody. Separately, Anchorage Digital partnered with Figment to extend staking for Hyperliquid (HYPE), integrating these services via its banking and custody infrastructure. Ripple has also expanded its institutional custody stack with integrations that add hardware security module support to enable banks and custodians to offer custody and staking without building their own validator or key-management systems.

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Beyond staking, the sector is witnessing growing interest in liquid staking—an approach that lets investors earn staking rewards while retaining a tradable token that preserves liquidity. Regulators in certain jurisdictions have signaled tolerance for specific liquid-staking activities, reinforcing the push toward regulated, yield-bearing structures. In another development, Hex Trust announced a collaboration with the Jito Foundation to integrate JitoSOL, a liquid staking token on the Solana blockchain, enabling clients to earn staking and MEV rewards while keeping SOL liquid for use as collateral in borrowing and lending through its Markets platform. These moves collectively illustrate how custody providers are layering staking liquidity into regulated product lines to satisfy investor demand for yield without compromising risk controls.

In this evolving landscape, the BitGo–21Shares partnership stands out for its scope and regulatory alignment. By combining BitGo’s OCC-regulated custody framework with MiCA-licensed European operations, the alliance aims to unlock scalable staking and liquidity across major markets for a broad set of products, including US-listed ETFs and international ETPs. The collaboration signals a maturation in the ecosystem, where product issuers can offer regulated staking while maintaining robust custody and market access—an arrangement that may help attract institutions that previously shied away from crypto exposure due to compliance and operational concerns. For readers seeking a deeper dive into the breadth of the collaboration, a related press release details the global ETF-partnership expansion across staking and custody, highlighting the operational pathways BitGo will provide for 21Shares’ product lineup.

Video and media discussions surrounding the partnership can be explored through a related presentation linked to the announcement.

Market participants should watch how the integration affects liquidity profiles and trading costs for 21Shares’ ETF roster, as well as how it influences the pace at which other ETF issuers consider similar custody-and-staking models. The collaboration may also influence how global regulators view regulated staking within ETF wrappers, particularly as MiCA implementations take fuller effect across Europe and as U.S. authorities continue to refine guidelines for crypto custody and staking activities.

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Key takeaways

  • BitGo will deliver qualified custody, trading and execution services, plus integrated staking infrastructure for 21Shares’ US ETFs and global ETPs.
  • The services will be provided through BitGo’s regulated entities in the US and Europe, leveraging an OCC-regulated trust bank and MiCA-licensed operations.
  • 21Shares’ product slate includes 59 ETPs listed across 13 exchanges, with more than $5.4 billion in assets under management as of Feb. 11.
  • The move aligns with a broader institutional push to embed staking within regulated custody offerings, following similar partnerships and integrations across the sector.
  • The deal underscores BitGo’s ongoing expansion into ETF and regulated markets after its BTGO listing on the NYSE earlier this year.

Tickers mentioned: $BTGO, $AVAX, $APT, $SUI, $SOL

Market context: The collaboration arrives amid growing institutional interest in regulated staking and custody-enabled yield strategies, supported by clearer regulatory frameworks in the U.S. and Europe and expanding ETF liquidity across crypto assets.

Why it matters

The partnership between BitGo and 21Shares represents a meaningful step in bringing regulated staking and custody to a broader class of institutional investors. By coupling BitGo’s OCC-chartered custody capabilities with 21Shares’ diversified ETF lineup, the arrangement reduces operational friction for asset managers seeking compliant exposure to proof-of-stake ecosystems. This is particularly relevant as the crypto industry pushes toward scalable yield opportunities within regulated wrappers, a dynamic that could accelerate the adoption of staking across traditional finance channels.

For 21Shares, the deal broadens access to liquidity and trading venues for its US-listed ETFs and global ETPs. As the ETF issuer continues to grow—reporting 59 products and substantial AUM—partnerships like this can help sustain product velocity, improve execution quality, and offer investors more reliable ways to participate in staking rewards without directly managing keys or validator infrastructure.

From a regulatory perspective, the alignment with an OCC-regulated entity in the United States and MiCA-licensed operations in Europe signals a mature model for regulated crypto infrastructure. If these structures gain broader acceptance, more issuers may pursue similar multi-jurisdictional approaches, further integrating staking into mainstream investment products. In a market that remains sensitive to liquidity, risk controls, and operational risk, such collaborations could contribute to steadier capital inflows and more robust market-making activity around crypto ETPs.

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What to watch next

  • Rollouts of custody and staking services for 21Shares’ entire U.S. ETF lineup and broader international ETPs, with clear launch timelines.
  • Regulatory updates from the OCC and updates to MiCA implementations that may affect how staking is offered within ETF wrappers.
  • Potential expansion of BitGo–21Shares technology and service integrations to additional product lines or new markets.
  • Continued ETF issuance activity by 21Shares and related liquidity improvements across electronic and OTC venues.

Sources & verification

  • BitGo and 21Shares Accelerate Global ETF Partnership Across Staking and Custody — Business Wire press release (Feb 12, 2026).
  • 21Shares product catalog and assets under management (as of Feb 11) published by 21Shares.
  • BitGo IPO coverage and BTGO listing details (Cointelegraph gateway to BitGo stock information).
  • FalconX acquisition of 21Shares (context for 21Shares’ corporate structure).
  • Ripple expands institutional custody stack with staking and security integrations (industry context for custody-staking trends).

BitGo expands custody and staking for 21Shares across US and Europe

BitGo and 21Shares have formalized an expanded collaboration that integrates custody, trading, and staking services for 21Shares’ US ETFs and global ETPs. The arrangement will see BitGo operate through its regulated US and European entities, including a federally chartered trust bank approved by the Office of the Comptroller of the Currency (OCC) and MiCA-licensed European operations, providing a bridge between traditional custody controls and crypto-native staking yields. The underlying objective is to reduce friction for institutions seeking yield opportunities tied to major proof-of-stake ecosystems while maintaining stringent risk and compliance standards.

Within the scope of the agreement, 21Shares gains access to BitGo’s custody and execution frameworks, coupled with integrated staking infrastructure designed to support its ETF lineup. The collaboration underscores a broader trend in the market: custodians and wallet providers are increasingly embedding staking capabilities into regulated products to satisfy investors’ demand for yield, liquidity, and governance participation without sacrificing institutional-grade controls.

As a backdrop, the ecosystem has seen a series of institutional staking moves—ranging from Coinbase’s partnerships enabling direct staking for select assets, to Anchorage Digital’s collaborations that extend staking through regulated banking channels, and even Ripple’s expansion of its custody platform with security integrations. These developments collectively point to a maturation of the crypto infrastructure market, where regulated custody and staking go hand in hand to deliver scalable, compliant exposure to proof-of-stake networks. In this context, BitGo’s expanded alliance with 21Shares positions both firms to capture a larger slice of the ETF and ETP issuance market and to support a broader wave of institutional adoption.

Market participants will be watching how quickly the rollout unfolds and how liquidity improves across the involved products, particularly in the United States and Europe. The partnership could catalyze further collaborations between custodians and ETF issuers, as regulators continue to refine the boundaries of crypto custody and staking within regulated investment products.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Paradigm builds pro-grade prediction market terminal for institutional traders

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Paradigm builds pro-grade prediction market terminal for institutional traders

Paradigm is building a pro‑grade prediction market terminal, eyeing an internal MM unit and S&P‑style index product as Kalshi’s valuation jumps to $22B on surging volumes.

Paradigm is building a dedicated prediction market trading terminal aimed squarely at professional traders and market makers, in one of the clearest signs yet that real‑money event markets are being treated as an emerging asset class rather than a curiosity. The project, led by Paradigm partner Arjun Balaji and initiated in late 2025, is designed to give sophisticated users Bloomberg‑style tools to trade, analyze and route liquidity across a growing ecosystem of on‑chain and regulated prediction platforms, according to a recent report in Fortune.

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The San Francisco‑based crypto investment firm is simultaneously weighing the launch of an internal prediction market‑making business, while working with researchers on a “prediction market index” that would package multiple event contracts into a single, tradable structure, explicitly modeled on benchmarks such as the S&P 500. Such an index could mirror earlier experiments with volatility and DeFi indices, and follows a broader wave of venture capital interest in the sector; one recent Forbes analysis noted that prediction market startups attracted $3.7 billion in new capital and “minted young billionaires at Polymarket and Kalshi” as trading volumes exploded.

Paradigm has already begun aggregating prediction market data into a public panel, a necessary precondition for any institutional‑grade terminal product. The firm is also one of the most aggressive financiers of regulated prediction venue Kalshi: in December 2025, Kalshi announced a $1 billion Series E funding round at an $11 billion valuation, led by Paradigm and joined by Sequoia, Andreessen Horowitz, ARK Invest and others, doubling its value in under two months, as first reported by TechCrunch and corroborated by company statements.

That bet has continued to pay off. A subsequent funding round reported in March 2026 lifted Kalshi’s valuation again, to $22 billion, after a further $1 billion raise, according to coverage compiled by Yahoo Finance and The Wall Street Journal. As prediction markets move from sub‑$100 million monthly volumes in early 2024 to more than $13 billion by the end of 2025, according to research cited by Forbes, the emergence of a dedicated Paradigm‑backed terminal, internal liquidity provision and index products suggests the asset class is being refashioned into financial infrastructure, rather than treated as a sideshow to spot crypto.

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Deepcoin becomes first CEX to integrate Polymarket ‘event contracts’

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Deepcoin becomes first CEX to integrate Polymarket 'event contracts'

Deepcoin is the first centralized exchange to integrate Polymarket event contracts, syncing quotes, liquidity and clearing so users can trade real‑world events with CEX tooling.

Summary

  • Deepcoin has launched synchronized “Event Contracts” in partnership with Polymarket, becoming the first centralized exchange to plug directly into its markets.
  • The integration offers real‑time quotes, shared liquidity and unified clearing, letting users trade Polymarket‑style contracts with CEX speed and tooling.
  • Deepcoin says it will keep refining the product toward a more “pure and professional” event‑trading experience tied to real‑world outcomes.

Cryptocurrency exchange Deepcoin has entered a formal partnership with prediction market platform Polymarket to launch “Event Contracts,” marking the first time a centralized exchange has integrated directly with Polymarket’s real‑money event markets. Announced on April 1, the tie‑up allows Deepcoin users to access “real quotes and liquidity support synchronized with global top event markets” while trading through standard exchange accounts, according to a company statement reported by ChainCatcher.

Under the new structure, both sides have implemented “deep integration of underlying logic and clearing synchronization,” so that positions taken via Deepcoin are effectively mirrored one‑for‑one with corresponding Polymarket contracts. This design means users can “directly participate in popular contracts on Polymarket through their Deepcoin accounts, enjoying CEX trading speed” and order‑book style execution that aligns with “professional trading habits,” the exchange said.

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Deepcoin framed the launch as the first step in building out a dedicated, institutional‑grade venue for real‑world event trading. The platform stated it would “continue to refine its products in the future to create a more pure and professional trading experience,” signaling plans to iterate on contract design, risk management and user analytics as volumes scale. By routing demand from a centralized venue into on‑chain prediction markets, the partnership effectively opens CEX rails into a segment historically dominated by niche DeFi interfaces and bespoke OTC flows.

The move lands just as regulated event markets and decentralized prediction protocols are drawing heightened attention from both venture capital and regulators. In March, Kalshi’s latest financing pushed its valuation to $22 billion as demand for macro and political contracts surged, according to coverage compiled by Yahoo Finance, while a recent Forbes analysis described prediction markets as “on the cusp of becoming core financial infrastructure” amid rising institutional interest. At the same time, U.S. Commodity Futures Trading Commission enforcement director David Miller has warned that insider‑trading laws apply fully to prediction markets, underscoring the compliance pressure that CEX integrations like Deepcoin’s will have to navigate.

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U.S. BTC ETFs post first monthly inflows since October

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ETF AUM (CheckonChain)

U.S.listed spot bitcoin ETFs ended March with $1.32 billion in net inflows to record their first monthly inflows since October, SoSoValue data shows.

This follows four consecutive months of net outflows, which coincided with bitcoin declining by as much as 50% from its October all time high of $126,000.
November saw $3.5 billion in outflows, followed by $1.1 billion in December, $1.6 billion in January, and $206 million in February.

March also marked bitcoin’s first positive monthly candle in six months, suggesting a potential shift in momentum.

ETF assets under management have remained relatively resilient, however. Holdings declined from 1.38 million BTC in October to a low of 1.28 million BTC, a drop of roughly 7%, and have since recovered to around 1.31 million BTC, according to CheckonChain.

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ETF investors remain underwater on average, with an estimated cost basis near $84,000 compared to a current spot price of about $68,000.

ETF AUM (CheckonChain)
ETF AUM (CheckonChain)

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Galaxy Digital’s (GLXY) testnet suffers hack but no client funds or information were compromised

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Galaxy Digital's (GLXY) testnet suffers hack but no client funds or information were compromised

Galaxy Digital (GLXY), the digital asset financial services firm founded by Mike Novogratz, said it recently contained a cybersecurity incident involving unauthorized access to an isolated development workspace, according to a statement from a company spokesperson.

“An immaterial amount of company funds used for testing within the isolated development workspace was impacted,” the spokesperson said in emailed comments. The loss was less than $10,000, according to a person with knowledge of the matter.

The firm emphasized that the affected environment was used solely for research and development and was not connected to its core infrastructure, production systems, trading platforms or client accounts.

Galaxy said it detected the intrusion and moved quickly to contain it, secure the compromised workspace and implement additional precautionary measures across its on-chain infrastructure.

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“No client funds or client account information were accessed or at risk at any point based on our review to date,” Galaxy said, adding that all platforms and services remain fully operational and secure for clients.

Hacks and exploits remain a persistent risk in the crypto industry, where the combination of open-source code, large pools of onchain liquidity and uneven security practices creates an attractive target for attackers.

Billions of dollars are lost to smart contract exploits, phishing schemes and infrastructure breaches, with industry estimates often exceeding $1–2 billion annually in recent years.

Even when incidents are contained, and client assets are not impacted, breaches can erode trust, trigger heightened regulatory scrutiny and underscore the operational risks facing firms operating in largely irreversible, always-on financial systems.

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Galaxy is a diversified financial services and investment firm focused on the digital asset and blockchain sector, providing institutional clients with trading, asset management, lending, advisory and custody services.

The firm operates across several core business lines, including global markets, asset management and digital infrastructure, while also running businesses in areas like crypto mining, staking and data center operations.

Positioned as a bridge between traditional finance and crypto, Galaxy offers institutional-grade access to digital assets and related technologies, alongside investments in blockchain ventures and emerging areas such as AI-powered infrastructure.

The company said it is continuing to review the incident and will provide updates as appropriate.

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Read more: Bitcoin’s quantum threat is real, but far from an existential crisis, Galaxy says

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What Does it Mean for Bitcoin?

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What Does it Mean for Bitcoin?

Warren Buffett, the legendary investor and chairman of Berkshire Hathaway, revealed on CNBC this week that his firm purchased approximately $17 billion in US Treasury bills at the latest auction. Is a stock market crash coming and what does it mean for Bitcoin (BTC)?

Key takeaways:

  • Berkshire held $373 billion in cash or cash equivalents as of 2025’s close, more than double the levels in 2023.

  • The firm’s rising cash reserves typically precede major stock market crashes, a bad sign for Bitcoin.

Buffett still sees better value in cash than in stocks

Buffett’s message is straightforward: Berkshire does not see the recent equity pullback as a sufficiently attractive buying opportunity.

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For context, the S&P 500 has fallen about 5.75% since reaching a record high in January.

S&P 500 weekly performance chart. Source: TradingView

Buffett said stocks are not “substantially” cheaper after the decline and described the sell-off as “nothing” compared with earlier downturns in which markets fell more than 50%.

That helps explain Berkshire’s latest Treasury-bill purchase. The company ended 2025 with about $373 billion in cash and equivalents, up from a record $334.2 billion a year earlier and more than double its level at the end of 2023.

Buffett, who famously called Bitcoin “rat poison,” typically gets into cash before major stock crashes, historical data shows.

In 1998, for instance, Buffett began trimming Berkshire’s stock exposure and raising cash, pushing the company’s cash and cash-equivalents holdings to $13.1 billion, or about 23% of total assets.

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Berkshire’s cash and cash-equivalents holdings chart. Source: GuruFocus.COM

By mid-2000, that figure had climbed to nearly $15 billion, or roughly 25% of assets, before Berkshire started deploying capital into bargains as the Dot-com bubble burst.

Bitcoin’s positive correlation with stocks may hurt prices

Bitcoin has traded more like a stock than a traditional safe haven for much of the post-2020 period, often moving in the same direction as US equities, especially the tech-heavy Nasdaq.

As of Wednesday, the 20-week rolling correlation coefficient between the two markets was positive at 0.47.

Nasdaq Composite and BTC/USD’s 20-week correlation coefficient chart. Source: TradingView

If Buffett’s risk-off strategy is correct, then Bitcoin should see another crash alongside stocks. Fresh quantum-security concerns, war-driven inflation risks, and nearly 50% US recession odds are putting pressure on the BTC price.

Berkshire’s portfolio decisions have also leaned away from crypto-adjacent finance.

In the first quarter of 2025, the firm fully exited Nu Holdings, a crypto-friendly fintech company, after building its position in 2021 and 2022. It secured about $250 million in profits from these investments.

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Multiple analysts predict BTC’s price to drop to as low as $30,000 in 2026.