2024-01-25 15:41:41
Asset management firm Bitwise has released the wallet address of its Bitcoin spot ETF exchange-traded fund, roughly two weeks after BITB went live.
At the time of publication, the address provided by Bitwise had 11,858.63 BTC, worth roughly $465 million.
“From now on, anyone can check BITB’s holdings and transactions directly on the blockchain. Transparency is at the heart of Bitcoin’s ethos. We are proud to walk this path together with BITB” – he announced the company.
In response to the growing demand for openness and transparency in the industry, Bitwise provides the public with real-time access to BTC addresses associated with ETF holdings. With all of this, he is trying to gain confidence among investors and address ETF-related concerns.
“Publishing on-chain data is the first step to increase transparency. As the industry evolves, we hope to be able to do more – for example partnering with companies like the hoseki app to provide real-time data.” – he continued.
By sharing the BTC address, Bitwise can also meet regulatory requirements. By voluntarily sharing this information, you demonstrate your commitment to authenticity.
Earlier this month, the US Securities and Exchange Commission (SEC) officially approved Bitcoin spot ETFs. It is not yet clear whether other companies will make the same decision as Bitwise in the future. However, on January 22, Arkham Intelligence claimed to have identified multiple portfolios linked to ETFs – including those of BlackRock, Fidelity and Franklin Templeton.
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