According to an SEC filing released November 12, BNY Mellon signed a five-year digital asset custody agreement with Invesco Galaxy Bitcoin ETF (BTCO), effective November 6. The agreement allows BNY Mellon to establish segregated accounts for safeguarding the ETF's Bitcoin holdings, with contractual coverage for safekeeping, insurance, and standards of care.

The existing Coinbase Custody Trust Company arrangement remains unaffected. Separate SEC filings on the same date confirm BNY Mellon also entered custody agreements for Invesco's Ethereum ETF (QETH) and Solana ETF (QSOL), with Coinbase relationships preserved across all three products. Neither Invesco nor BNY disclosed how much cryptocurrency will be allocated to the new custodian.

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