Cryptocurrency custody specialist BitGo has acquired HeightZero, a software platform that helps wealth managers incorporate cryptocurrencies into their clients’ portfolios. The financial details of the acquisition have not been disclosed, but it highlights the growing institutional interest in the crypto market. BitGo’s CEO, Mike Belshe, has urged wealth managers and regulated investment advisors (RIAs) to prepare for the imminent approval of a spot Bitcoin exchange-traded fund (ETF). Belshe emphasized the need to act quickly before the ETF is launched, as it is expected to trigger a surge in Bitcoin demand. The acquisition of HeightZero strengthens BitGo’s ability to provide secure long-term crypto holdings for institutional clients. This move aligns with BitGo’s goal of becoming a leader in offering comprehensive cryptocurrency solutions to institutions as the crypto market gains traction among mainstream investors.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	North America
Countries
Sentiment	positive
Relevance Score	1
People	Mike Belshe
Companies	RIAs, Bitcoin ETF, BitGo, HeightZero
Currencies	Bitcoin
Securities	None