Key Takeaways
- • Anchorage Digital appointed as additional sub-custodian for The Bitcoin Fund effective June 23, 2026, complementing Tetra Trust's role as primary custodian under a multi-custody arrangement designed to enhance operational resilience and security controls.
- • No changes to fund structure, management, or trading: The Bitcoin Fund's investment objectives, strategy, management fee, and Toronto Stock Exchange listings (QBTC and QBTC.U) remain unchanged; the addition is purely an operational infrastructure enhancement.
- • Anchorage Digital selection aligns with 3iQ's broader digital asset platform strategy, following the firm's earlier announcement of Anchorage Digital as its infrastructure and custody partner, indicating a systematic institutional custody buildout.
- • Regulated institutional-grade infrastructure prioritized: 3iQ President and Chief Investment Officer Tommaso Mancuso emphasized that custody infrastructure is "central to investor protection, operational resilience, and long-term scalability" as digital asset investment products mature.
Summary
3iQ Corp., the investment fund manager of The Bitcoin Fund, announced on June 23, 2026, that Anchorage Digital has been added as an additional sub-custodian for the fund's digital assets. The appointment became effective immediately and operates under a multi-custody framework with Tetra Trust, which retains its position as primary custodian. Tetra Trust played an instrumental role in integrating Anchorage Digital into the fund's expanded custody infrastructure.
This custodial addition follows 3iQ's earlier designation of Anchorage Digital as the company's infrastructure and custody partner for its broader digital asset investment platform. The move reflects a deliberate institutional strategy to strengthen custody frameworks as the digital asset investment space matures. Anchorage Digital Bank, the first federally chartered crypto bank in the United States, operates as a qualified custodian with FDIC-insured fiat custody services available through licensed sub-custodians and maintains regulatory licenses including New York's BitLicense and licensing from Singapore's Monetary Authority.
According to Tommaso Mancuso, President and Chief Investment Officer of 3iQ, the addition represents "an important operational milestone" for The Bitcoin Fund. Mancuso stated that custody infrastructure remains "central to investor protection, operational resilience, and long-term scalability," and characterized Anchorage Digital as providing "regulated, institutional-grade infrastructure that aligns with the needs of the Fund and its unitholders."
The appointment carries no impact on the fund's fundamental structure or investor experience. The Bitcoin Fund's investment objectives, investment strategy, management fees, and ticker symbols (QBTC and QBTC.U on the Toronto Stock Exchange) remain unchanged. This operational restructuring underscores the continuing importance of segregated, redundant custody arrangements for publicly listed cryptocurrency investment vehicles, particularly those traded on major exchanges serving institutional investors.
This custodial addition follows 3iQ's earlier designation of Anchorage Digital as the company's infrastructure and custody partner for its broader digital asset investment platform. The move reflects a deliberate institutional strategy to strengthen custody frameworks as the digital asset investment space matures. Anchorage Digital Bank, the first federally chartered crypto bank in the United States, operates as a qualified custodian with FDIC-insured fiat custody services available through licensed sub-custodians and maintains regulatory licenses including New York's BitLicense and licensing from Singapore's Monetary Authority.
According to Tommaso Mancuso, President and Chief Investment Officer of 3iQ, the addition represents "an important operational milestone" for The Bitcoin Fund. Mancuso stated that custody infrastructure remains "central to investor protection, operational resilience, and long-term scalability," and characterized Anchorage Digital as providing "regulated, institutional-grade infrastructure that aligns with the needs of the Fund and its unitholders."
The appointment carries no impact on the fund's fundamental structure or investor experience. The Bitcoin Fund's investment objectives, investment strategy, management fees, and ticker symbols (QBTC and QBTC.U on the Toronto Stock Exchange) remain unchanged. This operational restructuring underscores the continuing importance of segregated, redundant custody arrangements for publicly listed cryptocurrency investment vehicles, particularly those traded on major exchanges serving institutional investors.
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