Institutions are paying Bitcoin custodians for the privilege of added risk Institutions increased payments to Bitcoin custodians for services that expose them to higher‑risk positions, suggesting a growing willingness among large investors to accept custodial risk for direct Bitcoin exposure. This trend is consistent with a broader uptick in institutional offerings, including BNP Paribas launching Bitcoin and Ether ETNs and tokenized platforms introducing on‑chain private‑share funds. Bitcoin is available to trade on SorooshX.