In a statement released on Wednesday, cryptocurrency-focused fund manager Bitwise announced that it had become the first US Bitcoin exchange-traded fund (ETF) to disclose the digital wallet addresses of its holdings.
This decision was driven by the company’s commitment to transparency on the blockchain. Bitwise explained that this move allows anyone to verify the ETF’s holdings and transactions directly on the blockchain.
This is just the beginning, as Bitwise aims to further increase transparency by working with firms like Hoseki to provide real-time cryptographic attestations.
Following the approval of Bitwise and 10 other spot Bitcoin ETF applications by the Securities and Exchange Commission, the company saw a massive influx of $238 million on its first day of trading.
