CryptoMedium•14 November 2026•
1 min read
BNY Mellon Signs 5-Year Bitcoin Custody Deal for Invesco Galaxy ETF
Key Facts
1BNY Mellon signed a five-year deal to provide Bitcoin custody services for the Invesco Galaxy BTCO ETF.
2BNY Mellon will join Coinbase as a co-custodian, marking a challenge to crypto exchanges' dominance in custody services.
BNY Mellon signed a five-year deal to provide Bitcoin custody services for the Invesco Galaxy BTCO ETF. According to coinpaper.com, the bank will join Coinbase as a co-custodian, marking a significant challenge to the dominance of crypto exchanges in the custody market.
IVZ closed at $28.92 on November 13, 2026, while COIN closed at $127.65 on the same date. The agreement allows BNY Mellon to establish segregated accounts for the ETF's Bitcoin holdings as traditional banks increasingly enter the digital asset space following regulatory shifts.