Asset management firm Bitwise made the Bitcoin (BTC) addresses of its spot BTC exchange-traded (ETF) fund public, roughly two weeks after the shares were made available for trading. <\/p>\n
In a Jan. 24 X post, the firm announcedthat anyone can verify holdings for its Bitwise Bitcoin ETF, which trades as BITB on the New York Stock Exchange Arca. At the time of publication, the address provided by Bitwise contained 11,858.63 BTC, worth roughly $465 million. <\/p>\n
Onchain transparency is core to Bitcoins ethos, said Bitwise. Were proud to walk the walk with BITB. [...] Publishing on-chain addresses is a first step toward increasing public transparency. <\/p>\n
The United States Securities and Exchange Commission approved Bitwises spot Bitcoin ETF offering on Jan. 10, along with 10 other applications from asset management firms. Its unclear if other companies plan to release BTC addresses for their investment vehicles in the future. On Jan. 22, Arkham Intelligence claimed to have identified several wallets linked to ETFs, including those from Bitwise, BlackRock, Fidelity and Franklin Templeton. <\/p>\n
Related: Bitwise launches crypto ETF media campaign with The Most Interesting Man in the World <\/p>\n
Bitwise co-founder and CEO Hunter Horsley said on X that the firm had released the BTC address in response to clear feedback from investors. An X poll launched by Horsley on Jan. 23 showed that 91.1% of 2,416 respondents favored the BTC holdings being made public. <\/p>\n
Bitwise is the first and almost certainly not the last to post their Bitcoin address for BITB, said ETF analyst James Seyffart on X. <\/p>\n
Roughly seven days after its launch, BITB was in the top 5% of ETFs by assets under management in 2023. There was roughly $76 million in net outflows for all spot BTC ETFs on their seventh day of trading, with Grayscales GBTC leading in the largest net outflows. <\/p>\n
Magazine: Big Questions: Can Bitcoin payments rise again? <\/p>\n
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Follow this link: Asset management firm Bitwise made the Bitcoin (BTC) addresses of its spot BTC exchange-traded (ETF) fund public, roughly two weeks after the shares were made available for trading. In a Jan. 24 X post, the firm announcedthat anyone can verify holdings for its Bitwise Bitcoin ETF, which trades as BITB on the New York Stock Exchange Arca Continue reading
\nBitwise releases wallet addresses of spot Bitcoin ETF holdings - Cointelegraph<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"