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Institutions preparing for Bitcoin ahead of ETF Approval: Bakkt - Blockchain InterviewsAt its core, Bakkt is a custody service that stores Bitcoin in a secure form, known as cold storage. It looks after large amounts of Bitcoin on. Bakkt, a crypto custody and trading platform, added a "going concern" warning in an SEC filing, saying it might not have enough cash to remain. The Bitcoin Lightning Network is a �layer 2� protocol that speeds up transaction times and tackles bitcoin's scalability issues.