Grayscale Ethereum Trust $(ETH)$ has announced a new custodial services agreement with Anchorage Digital Bank N.A., a national trust bank. Under the agreement, Anchorage Digital will provide custody and safekeeping services for a portion of the Trust's Ether holdings. This new arrangement complements the Trust's existing primary custody relationship with Coinbase Trust Company, LLC. The decision to incorporate Anchorage Digital's services is part of the Sponsor's ongoing risk management strategy as the Trust continues to grow. The agreement also includes provisions for handling potential blockchain forks and indemnification clauses to protect both parties.
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