The fifth largest bank in the United States, US Bancorp, announced the restart of its cryptocurrency custody business after a four-year interruption, focusing on Bitcoin (BTC) and Bitcoin ETFs. This move comes at a time when the regulatory environment in the U.S. is easing and institutional demand is rapidly rising, potentially becoming an important catalyst for institutional funds entering the digital asset market. Restarting Bitcoin custody: Targeting institutional ETF demand. US Bank Vice Chairman Stephen Philipson stated that the purpose of restarting the business is to provide secure and compliant custody services for Bitcoin and ETFs to institutional fund managers. Target clients: Institutional investment managers with registered or private funds. Strategic focus: Supporting secure custody and management of Bitcoin ETFs. Background: The bank first launched digital asset custody services in 2021, but suspended them the following year due to the financial burden caused by SEC Staff Accounting Bulletin No. 121.

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