EddieJayonCrypto
25 Jan 24
Bitwise Asset Management announced that its spot ETF Bitwise Bitcoin ETF (BITB), approved by the U.S. SEC and trading since January 11, became the first US-listed spot Bitcoin ETF to publish the wallet address for its BTC holdings. The move aligns with Bitcoin's core ethos of transparency. Bitwise e...
Bitwise Asset Management announced that its spot ETF Bitwise Bitcoin ETF (BITB), approved by the U.S. SEC and trading since January 11, became the first US-listed spot Bitcoin ETF to publish the wallet address for its BTC holdings. The move aligns with Bitcoin's core ethos of transparency. Bitwise expressed pride in adhering to this principle and anticipates further advancements in infrastructure, desiring to collaborate with companies like Hoseki to provide real-time cryptographic attestations. Analyst Joe Burnett expressed his approval of BITB and suggested an innovative idea to enhance its security and decentralization aspect.
On January 24, Bitwise Asset Management, which calls itself “the largest crypto index fund manager in America,” made an important announcement about its spot ETF — Bitwise Bitcoin ETF (BITB) — that was approved by the U.S. SEC (along with ten other spot Bitcoin ETFs from other firms) on January 10 and started trading on January 11. The firm declared that BITB had become the first US-listed spot Bitcoin ETF to publish the wallet address for its BTC holdings. According to Bitwise, this allows anyone to verify the ETF’s holdings and flows directly on the blockchain. It also said that this move aligns with the core ethos of Bitcoin, which emphasizes on-chain transparency. Bitwise expressed pride in adhering to this principle, emphasizing their commitment to walking the walk with BITB.
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