Bitwise Becomes First U.S. Spot Bitcoin ETF to Disclose BTC Holding Addresses
Bitwise has become the first U.S. spot Bitcoin exchange-traded fund (ETF) to publicly disclose its Bitcoin address holdings.
- "Now anyone can verify BITB's holdings and flows directly on the blockchain. Onchain transparency is core to Bitcoin's ethos. We're proud to walk the walk with BITB," the company said.
- Bitwise is also one of two U.S. spot bitcoin ETFs that pledged 10% of its ETF profits for funding open-source Bitcoin development.
- "Publishing on-chain addresses is a first step toward increasing public transparency. As infrastructure evolves, we hope to do more, such as working with firms like @hosekiapp to provide real-time cryptographic attestations," added the firm.
- Following the disclosure of the address, Bitwise also started receiving random donations and even inscriptions.
I’m pretty sure this is a first for ETFs: someone donating underlying assets to the fund (which is now poss bc Bitwise published their bitcoin addresses). Never a dull moment I swear. https://t.co/FQX0gOaYGS
— Eric Balchunas (@EricBalchunas) January 24, 2024
- Bitwise's bitcoin address can be found here. Disclosures and prospectus can be found at: https://bitbetf.com/welcome.
