Bitcoin ETF

Bitcoin

James

<ul>
 <li>According to ETF expert James Seyffart on X, Bitwise is among the first to share.</li>
 <li>The Bitwise-provided address had 11,858.63 BTC, or around $465 million.</li>
</ul>
Approximately two weeks after the shares were made available for trading, asset management company Bitwise made public the <a href="https://thenewscrypto.com/elon-musks-tesla-q4-report-reveals-bitcoin-portfolio/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> addresses of its spot BTC ETF fund.
Moreover, announcing that “anyone can verify” holdings for its Bitwise Bitcoin ETF (BITB) on the New York Stock Exchange Arca, the business made the announcement in a January 24 twitter post. Furthermore, the Bitwise-provided address had 11,858.63 BTC, or around $465 million.
<h3 class="wp-block-heading" id="h-increasing-public-transparency">Increasing Public Transparency</h3>
Along with ten other applications from asset management businesses, the spot Bitcoin ETF offered by <a href="https://thenewscrypto.com/blackrock-and-bitwise-file-revised-spot-bitcoin-etf-applications/" target="_blank" rel="noopener noreferrer nofollow">Bitwise</a> was accepted by the US <a href="http://sec.gov" target="_blank" rel="noopener noreferrer nofollow">SEC</a> on January 10th. Also, whether or if other businesses intend to disclose Bitcoin addresses for their investment vehicles is an open question.
Bitwise stated:
<blockquote class="wp-block-quote">
 “Onchain transparency is core to Bitcoin’s ethos. We’re proud to walk the walk with BITB. […] Publishing on-chain addresses is a first step toward increasing public transparency.”
</blockquote>
Furthermore, several wallets associated with exchange-traded funds (ETFs), including Bitwise, BlackRock, Fidelity, and Franklin Templeton, were purportedly discovered on January 22 by Arkham Intelligence.
According to Bitwise co-founder and CEO Hunter Horsley, stated on twitter, that the company disclosed the Bitcoin address after receiving “clear feedback” from investors. Also, of the 2,416 people who participated in Horsley’s twitter poll on January 23rd, 91.1% were in favor of making the BTC holdings public.
Moreover, according to ETF expert <a href="https://twitter.com/JSeyff?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor" target="_blank" rel="noopener noreferrer nofollow">James Seyffart</a> on X, Bitwise is among the first—and likely not the last—to announce their Bitcoin address for BITB.
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Bitwise Reveals Bitcoin Addresses for Spot ETF, Embracing Transparency

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