Cryptocurrency custodian BitGo has completed its acquisition of HeightZero. HeightZero is a company that provides software tools to wealth managers to meet their clients' cryptocurrency and digital asset investment needs.
Mike Belshe, CEO of BitGo, pointed out that with the impending approval of a spot Bitcoin ETF, wealth managers and regulated investment advisors should be alert to changes in the market and seek professional custody services before the ETF is launched.
HeightZero not only provides asset custody, but also handles rebalancing of client portfolios, report generation, tax loss harvesting, and automated billing, allowing investors to better manage their digital assets. (CoinDesk)