Cryptocurrency-focused fund manager Bitwise said Wednesday that it has become the first U.S. Bitcoin ETF to disclose the digital wallet addresses of its holdings.
Bitwise noted that the decision to publish the information stemmed from the priority of on-chain transparency.
“Now anyone can check their BITB holdings and flows directly on the blockchain,” the company wrote on social media Wednesday. line.
“bloodRevealing on-chain addresses is the first step toward increasing public transparency. As our infrastructure evolves, we hope to be able to do more, including collaborating with companies like Hoseki. Provides real-time cryptographic proof.”
Spot Bitcoin ETF from Bitwise
After the Securities and Exchange Commission approved Bitwise and 10 other companies’ applications for a spot Bitcoin ETF, Bitwise recorded $238 million in inflows on its first day of trading, The Block previously reported.
According to The Block’s data dashboard, Bitwise maintains a 3.1% share of the spot Bitcoin ETF market, with daily trading volume of $49.8 million on January 23.
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About the author
MK Manoylov has been a reporter for The Block since 2020, joining just before Bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for publications covering all cryptocurrency-related news, preferring NFTs, metaverse, web3 games, fundraising, crime, hacking, and cryptocurrency ecosystem stories. MK holds a graduate degree from New York University’s Science, Health, and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. X You can follow MK at @MManoylov and on LinkedIn.