Are you an institutional investor looking for secure cryptocurrency custody services? Look no further! U.S. Bank has exciting news for you. Today, U.S. Bank announced the official relaunch of its cryptocurrency custody services for institutional investment managers. This relaunch includes a special early access program for Global Fund Services clients, offering top-notch secure safekeeping solutions for bitcoin, with NYDIG as the sub-custodian.
Regulatory Clarity Paves the Way
Unlocking Opportunities with Bitcoin ETFs
After navigating through years of regulatory uncertainty, U.S. Bank has found a clearer path forward for digital assets. This strategic decision is fueled by the bank's commitment to innovation and meeting the evolving needs of its clients. In addition to providing custody for bitcoin, U.S. Bank has expanded its services to include custody solutions for bitcoin exchange-traded funds (ETFs).
The Visionaries Behind the Move
NYDIG: Your Trusted Partner in Bitcoin Custody
Stephen Philipson, vice chair of U.S. Bank Wealth, Corporate, Commercial and Institutional Banking, expressed pride in the bank's pioneering role in the world of digital finance. He emphasized their commitment to providing comprehensive solutions for managers seeking custody and administration services, including the newly added bitcoin ETFs. NYDIG, a leading name in bitcoin financial services, will serve as the primary sub-custodian, solidifying the partnership that bridges traditional finance with the digital asset economy.
Driving Digital Innovation for Institutional Clients
Shaping the Future of Digital Finance
U.S. Bank's relentless pursuit of digital excellence is evident in its ongoing strategy to enhance digital capabilities for institutional clients. Dominic Venturo, senior executive vice president and chief digital officer, sees this initiative as a way to pioneer innovation in the financial sector. By expanding their digital services, U.S. Bank aims to unlock new opportunities and deliver cutting-edge solutions to their clients, propelling them into the future of digital finance.
With over $11.7 trillion in assets under custody and administration, U.S. Bank Wealth, Corporate, Commercial and Institutional Banking stands as a trusted financial partner for many. Offering a wide range of services like fund custody, ETF administration, asset management, and wealth solutions, U.S. Bank is dedicated to meeting the diverse needs of its clients.
Based in Minneapolis, U.S. Bancorp, the parent company of U.S. Bank, boasts a team of approximately 70,000 employees and $686 billion in assets. Renowned for its digital innovation and client-centric approach, U.S. Bank has earned accolades as one of the 2025 World’s Most Ethical Companies and a highly respected superregional bank by Fortune.
Ready to explore the world of bitcoin custody and ETF support with a trusted partner? U.S. Bank is here to lead the way into a secure and innovative financial future. Connect with us to experience the future of digital finance!
Frequently Asked Questions
What is the best precious metal to invest in?
This question depends on how risky you are willing to take, and what return you want. Gold has been traditionally considered a haven investment, but it's not always the most profitable choice. For example, if you need a quick profit, gold may not be for you. If patience and time are your priorities, silver is the best investment.
If you don’t desire to become rich quickly, gold may be your best option. If you want to invest in long-term, steady returns, silver is a better choice.
How much money should my Roth IRA be funded?
Roth IRAs can be used to save taxes on your retirement funds. You cannot withdraw funds from these accounts until you reach 59 1/2. There are some rules that you need to keep in mind if you want to withdraw funds from these accounts before you reach 59 1/2. First, you cannot touch your principal (the original amount deposited). This means that you can't take out more money than you originally contributed. If you take out more than the initial contribution, you must pay tax.
The second rule is that you cannot withdraw your earnings without paying income taxes. So, when you withdraw, you'll pay taxes on those earnings. For example, let's say that you contribute $5,000 to your Roth IRA every year. Let's also assume that you make $10,000 per year from your Roth IRA contributions. On the earnings, you would be responsible for $3,500 federal income taxes. So you would only have $6,500 left. This is the maximum amount you can withdraw because you are limited to what you initially contributed.
You would still owe tax on $1,500 if you took out $4,000 of your earnings. You would also lose half of your earnings because they are subject to another 50% tax (half off 40%). You only got back $4,000. Even though you were able to withdraw $7,000 from your Roth IRA,
There are two types: Roth IRAs that are traditional and Roth. Traditional IRAs allow pre-tax contributions to be deducted from your taxable tax income. Your traditional IRA can be used to withdraw your balance and interest when you are retired. You can withdraw as much as you want from a traditional IRA.
Roth IRAs do not allow you to deduct your contributions. But once you've retired, you can withdraw the entire contribution amount plus any accrued interest. There is no minimum withdrawal limit, unlike traditional IRAs. It doesn't matter if you are 70 1/2 or older before you withdraw your contribution.
Should You Buy Gold?
Gold was once considered an investment safe haven during times of economic crisis. However, today many people are turning away from traditional investments such as stocks and bonds and instead looking toward precious metals such as gold.
While gold prices have been rising in recent years they are still low relative to other commodities, such as silver and oil.
Some experts think that this could change in the near future. According to them, gold prices could soar if there is another financial crisis.
They also noted that gold is growing in popularity because of its perceived value as well as potential return.
These are some things you should consider when considering gold investing.
- First, consider whether or not you need the money you're saving for retirement. You can save for retirement and not invest your savings in gold. The added protection that gold provides when you retire is a good option.
- Second, be sure to understand your obligations before you purchase gold. Each offer varying degrees of security and flexibility.
- Remember that gold is not as safe as a bank account. It is possible to lose your gold coins.
If you are thinking of buying gold, do your research. You should also ensure that you do everything you can to protect your gold.
How much of your portfolio should be in precious metals?
First, let's define precious metals to answer the question. Precious Metals are elements that have a very high relative value to other commodities. They are therefore very attractive for investment and trading. Gold is currently the most widely traded precious metal.
But, there are other types of precious metals available, including platinum and silver. The price for gold is subject to fluctuations, but stays relatively stable in times of economic turmoil. It also remains relatively unaffected by inflation and deflation.
The general trend is for precious metals to increase in price with the overall market. They do not always move in the same direction. The price of gold tends to rise when the economy is not doing well, but the prices of the other precious metals tends downwards. This is because investors expect lower interest rates, making bonds less attractive investments.
The opposite effect happens when the economy is strong. Investors favor safe assets like Treasury Bonds, and less precious metals. They are more rare, so they become more expensive and less valuable.
To maximize your profits when investing in precious metals, diversify across different precious metals. You should also diversify because precious metal prices can fluctuate and it is better to invest in multiple types of precious metals than in one.
How is gold taxed within a Roth IRA
An investment account's tax is calculated based on the current value of the account, and not on what you paid originally. If you invest $1,000 in mutual funds or stocks and then later sell them, all gains are subjected to taxes.
If you place the money in a traditional IRA, 401(k), or other retirement plan, there is no tax when you take it out. You pay taxes only on earnings from dividends and capital gains — which apply only to investments held longer than one year.
The rules that govern these accounts differ from one state to the next. In Maryland, for example, withdrawals must be made within 60 days of reaching the age of 59 1/2 in order to qualify. Massachusetts allows you up to April 1st. New York is open until 70 1/2. To avoid penalty fees, it is important to plan and take distributions in time to pay all your retirement savings.
Statistics
- If you accidentally make an improper transaction, the IRS will disallow it and count it as a withdrawal, so you would owe income tax on the item's value and, if you are younger than 59 ½, an additional 10% early withdrawal penalty. (forbes.com)
- The price of gold jumped 131 percent from late 2007 to September 2011, when it hit a high of $1,921 an ounce, according to the World Gold Council. (aarp.org)
- (Basically, if your GDP grows by 2%, you need miners to dig 2% more gold out of the ground every year to keep prices steady.) (smartasset.com)
- Contribution limits$6,000 (49 and under) $7,000 (50 and up)$6,000 (49 and under) $7,000 (50 and up)$58,000 or 25% of your annual compensation (whichever is smaller) (lendedu.com)
- Instead, the economy improved, stocks rebounded, and gold plunged, losing 28 percent of its value in 2013. (aarp.org)
External Links
cftc.gov
bbb.org
forbes.com
- Gold IRA: Add some sparkle to your retirement nest egg
- Understanding China's Evergrande Crisis – Forbes Advisor
irs.gov
How To
How to hold physical gold in an IRA
The best way to invest in Gold is by purchasing shares of companies that produce it. This method is not without risks. There's no guarantee these companies will survive. Even if they survive, there's always the risk that they will lose money due fluctuations in gold prices.
Another option is to purchase physical gold. You'll need to open a bank account, buy gold online from a trusted seller, or open an online bullion trading account. The advantages of this option include the ease of access (you don't need to deal with stock exchanges) and the ability to make purchases when prices are low. It's easier to track how much gold is in your possession. A receipt will be sent to you indicating exactly how much you paid. This will allow you to see if there were any tax omissions. You're also less susceptible to theft than investing with stocks.
However, there are disadvantages. You won't be able to benefit from investment funds or interest rates offered by banks. Additionally, you won’t be able diversify your holdings. You will remain with the same items you bought. Finally, tax man may want to ask where you put your gold.
If you'd like to learn more about buying gold in an IRA, visit the website of BullionVault.com today!
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By: Nik
Title: U.S. Bank: Your Trusted Partner for Bitcoin Custody and ETF Support
Sourced From: bitcoinmagazine.com/news/u-s-bank-resumes-bitcoin-custody-services-for-institutional-investors-adding-support-for-bitcoin-etfs
Published Date: Wed, 03 Sep 2025 15:22:57 +0000
