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Posted by - Admin 25 Jan, 2024

Bitwise Sets New Precedent as First U.S. Bitcoin ETF to Reveal BTC Addresses

On January 24, Bitwise Asset Management took a major step toward transparency by releasing the Bitcoin wallet addresses linked to its Bitcoin exchange-traded fund. This voluntary disclosure gives direct access to view assets on the blockchain, a first for a U.S. spot Bitcoin ETF provider.

“Onchain transparency is core to Bitcoin’s ethos. We’re proud to walk the walk,” Bitwise said.

The move highlights Bitwise’s commitment to accountability and trust. Publishing addresses enables investors and regulators to independently verify holdings and flows.

Bitwise Leads Charge for Bitcoin ETF Transparency

“As infrastructure evolves, we hope to do more, like work with firms to enable real-time cryptographic attestations,” Bitwise stated.