On April 2, 2025, the cryptocurrency market received good news when Anchorage – one of the leading digital asset custodians – was added by BlackRock as a custody partner for crypto ETFs and related digital asset funds. This move not only enhances diversity in the custody ecosystem but also reduces reliance on Coinbase, bringing a bright outlook for the crypto industry.
Anchorage and BlackRock: A Promising Partnership
#BlackRock the world's largest asset manager with $10.5 trillion (according to the 2024 report), has long chosen Coinbase as the primary custodian for its crypto ETFs, such as the Bitcoin spot fund IBIT ($50.2 billion). However, the addition of Anchorage – a company renowned for its secure custody solutions and regulatory compliance – marks a significant advancement. Anchorage, licensed by OCC (USA), uses cold storage technology and multi-layered security, ensuring maximum safety for digital assets.
This collaboration helps BlackRock diversify its custody partners, reducing concentration risk on Coinbase – which has previously faced criticism for security issues (the $6 million hack in 2021). This also reflects the growing confidence of major institutions in the potential of digital assets.
Positive Impact on the Crypto Market
The #Anchorage participation as the custodian for BlackRock is a positive signal for the crypto market, which is facing volatility (market capitalization decreased by 11.65% to $2.88 trillion in Q1/2025). Custody diversification increases transparency and safety, attracting more institutional capital – estimated to be $5.2 trillion that could flow into crypto over the next 5 years (according to BCG). This also boosts the confidence of individual investors, with Bitcoin ($84,900) and Ethereum ($1,830) potentially recovering if market sentiment improves.
Conclusion: A Stepping Stone for Growth
The partnership between Anchorage and BlackRock is an important milestone, ushering in a new era for crypto ETFs. With diversification in custody, the crypto market is becoming increasingly safe and attractive, promising a bright future. This is the time for investors to be optimistic about the potential of the industry!
Risk warning: Crypto investment carries high risks due to price volatility. Please consider carefully before participating. #anhbacong
