“Minneapolis-based U.S. Bank is taking a big step into the bitcoin business. In addition to its recent strategic investment in crypto infrastructure firm Securrency, U.S. Bank, part of U.S. Bancorp, the fifth-largest bank in America, said Tuesday it will offer a new cryptocurrency custody product in partnership with an unnamed sub-custodian. U.S. Bank also announced Tuesday it has been selected to administer NYDIG’s bitcoin exchange-traded fund (ETF) (should it be approved by regulators) – building on the bank’s long-standing private-fund servicing relationship with NYDIG.”