Renowned cryptocurrency platform Gemini announced that it has officially assumed the role of VanEck's spot Ethereum ETP custodian, following the recent launch of a spot Bitcoin ETP by both parties. This move signifies Gemini's further expansion in the cryptocurrency market's custody services. VanEck's spot Ethereum ETP aims to provide investors with a direct avenue to invest in the spot Ethereum market, while Gemini, as the custodian, will be responsible for managing and maintaining the security and compliance of the ETF's assets. This step not only strengthens Gemini's presence in the cryptocurrency industry but also offers investors more diversified investment options.