Major U.S. Bank With $686 Billion Assets Introduces Bitcoin Custody and ETF Services

U.S. Bank announced it has officially resumed its cryptocurrency custody services for institutional investment managers, expanding its offering to include custody for bitcoin ETFs. The service, first launched in 2021, is being reintroduced with NYDIG as the primary bitcoin sub-custodian, citing a clearer regulatory framework. The program is initially available as an early access offering for the bank's Global Fund Services clients. This move follows a pause due to previous SEC requirements that have since been rescinded, positioning the bank alongside competitors like BNY Mellon and Fidelity in offering digital asset services.

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