Bitcoin ETF

Chainlink

Reserve

<p class="is-style-lead">ARK Invest and 21Shares have partnered with Chainlink to enhance the transparency of its Bitcoin ETF. </p> 
<p>The <a href="https://www.prnewswire.com/news-releases/21shares-integrates-chainlink-proof-of-reserve-to-increase-transparency-of-ark-21shares-bitcoin-etf-arkb-302073701.html" data-type="link" data-id="https://www.prnewswire.com/news-releases/21shares-integrates-chainlink-proof-of-reserve-to-increase-transparency-of-ark-21shares-bitcoin-etf-arkb-302073701.html" target="_blank" rel="noopener">announcement</a> of this integration aims to provide unparalleled insight and security for ARK 21Shares Bitcoin ETF (ARKB) investors’ assets, utilizing Chainlink’s Proof of Reserve platform for holdings verification, according to 21Shares Co-Founder and President Ophelia Snyder.</p> 
<p>The initiative marks a notable step in the <a href="https://crypto.news/market-cap/" data-type="link" data-id="https://crypto.news/market-cap/">cryptocurrency</a> industry, positioning ARK and 21Shares as the second spot <a href="https://crypto.news/tag/bitcoin-etf/" data-type="link" data-id="https://crypto.news/tag/bitcoin-etf/">Bitcoin ETF</a> issuer to make their holdings data accessible onchain.</p> 
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<p> You might also like: <a href="https://crypto.news/bitcoin-64000-2024-bull-run/"> Bitcoin touches $64k for first time since 2021 </a> </p> 
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   <p lang="en" dir="ltr">"Asset managers Ark Invest and 21Shares have taken a step towards more transparency for their ARK 21Shares Bitcoin ETF (ARKB) by integrating <a href="https://twitter.com/hashtag/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Chainlink</a>’s Proof of Reserve platform to verify holdings data."<br><br>Check out the onchain PoR feed👇<a href="https://t.co/MK5wQrWBp3" target="_blank">https://t.co/MK5wQrWBp3</a></p>— Chainlink (@chainlink) <a href="https://twitter.com/chainlink/status/1762905675984724201?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">February 28, 2024</a>
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<p>This follows Bitwise’s January <a href="https://crypto.news/bitwise-first-to-publish-on-chain-addresses-for-bitcoin-etf-holdings/" data-type="link" data-id="https://crypto.news/bitwise-first-to-publish-on-chain-addresses-for-bitcoin-etf-holdings/">announcement</a>, revealing its digital wallet address for its Bitcoin ETF (BITB), in which Bitwise received a commendation from industry specialists for its contribution to transparency.</p> 
<p>ARKB, launched on Jan. 11 alongside nine other spot Bitcoin ETFs, has demonstrated considerable success. As of Monday, the fund <a href="https://data.chain.link/feeds/ethereum/mainnet/arkb-por" data-type="link" data-id="https://data.chain.link/feeds/ethereum/mainnet/arkb-por" target="_blank" rel="noopener">reported</a> holding 33,274 Bitcoins with assets under management surpassing $1.8 billion, ranking it third in capital attraction behind only Fidelity’s Wise Origin Bitcoin Fund (FBTC) and BlackRock’s iShares Bitcoin Trust (IBIT).</p> 
<p> Read more: <a href="https://crypto.news/bitcoin-etf-approvals-spark-mass-btc-adoption-experts-say/"> Bitcoin ETF approvals spark mass BTC adoption, experts say </a> </p>

ARK Invest, 21Shares partner with Chainlink on Bitcoin ETF transparency

crypto.news

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