Bitwise Asset Management published bitcoin addresswhich contains coins purchased for the Bitwise Bitcoin ETF (BITB).
Announcement: Today the Bitwise Bitcoin ETF (BITB) becomes the first US bitcoin ETF to publish the bitcoin addresses of its holdings.
Now anyone can verify BITB's holdings and flows directly on the blockchain.
Onchain transparency is core to Bitcoin's ethos. We're proud to… pic.twitter.com/1JTUh3zvDE
— Bitwise (@BitwiseInvest) January 24, 2024
At the time of writing, the address holds 12,338.43 BTC ($490.7 million).
“Anyone can verify BITB's assets and flows directly on the blockchain. On-chain transparency is at the core of the Bitcoin ethos. We are proud to be on this path with BITB.” — the company commented on the decision.
Bitwise explained that the initiative is just the first step in this mission.
“As the infrastructure develops, we hope to do more. For example, partner with firms like Hoseki to provide real-time cryptographic proofs.” – the message says.
Let us remind you that on the evening of January 10 SEC reported on the approval of 11 applications for spot exchange-traded funds based on the first cryptocurrency. Bitwise was among the admitted issuers.
Previously, K33 Research analysts ranked BITB in third place among competitors in terms of fund inflows since the product was approved.
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