Bitwise publishes digital wallet addresses with bitcoin holdings for spot ETF
Quick Take
- Bitwise published digital wallet addresses containing its spot bitcoin ETF holdings as a way to bolster on-chain transparency.
Crypto-focused fund manager Bitwise said Wednesday that it became the first U.S. bitcoin ETF to publish the digital wallet addresses of its holdings.
Bitwise noted that the decision to publish the information stemmed from a priority of on-chain transparency.
"Now anyone can verify BITB's holdings and flows directly on the blockchain," the firm wrote in a Wednesday social media thread.
"Publishing on-chain addresses is a first step toward increasing public transparency," it continued. "As infrastructure evolves, we hope to do more, such as working with firms like Hoseki to provide real-time cryptographic attestations."
Bitwise's spot bitcoin ETF
After the Securities and Exchange Commission approved the spot bitcoin ETF applications of Bitwise and 10 others, Bitwise saw $238 million in inflows on its first day of trading, The Block previously reported.
RELATED INDICES
Bitwise maintains 3.1% of spot bitcoin ETF marketshare and saw $49.8 million in daily volume on of Jan. 23, The Block's Data Dashboard shows.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
