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Home»ADOPTION NEWS»Bitwise discloses digital wallet addresses holding Bitcoin for spot ETFs.
ADOPTION NEWS

Bitwise discloses digital wallet addresses holding Bitcoin for spot ETFs.

By Crypto FlexsJanuary 24, 20242 Mins Read
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Bitwise discloses digital wallet addresses holding Bitcoin for spot ETFs.
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Posted 1 minute ago In ~

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.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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.

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