U.S. Bank To Offer Cryptocurrency Custody, Administer NYDIG’s Bitcoin ETF

Bitcoin adoption among banks in the United States has been growing steadily. Now, the latest financial institution in the country poised to continue this trend is U.S. Bancorp, the parent of U.S. Bank, which appears set to expand its services to include cryptocurrency custody and administering one of the country’s first bitcoin exchange-traded funds (ETFs).

A recent report from Biz News Post indicated that U.S. Bancorp, the fifth-largest bank in the country, will be introducing a cryptocurrency custody product along with an unnamed sub-custodian. This follows a 2020 clarification from the Office of the Comptroller of the Currency that such services could be provided by national banks.



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