Bitwise's Bitcoin Spot ETF Addresses Updated to Native SegWit P2WPKH
"With this upgrade, we are dividing BITB’s bitcoin holdings across 13 P2WPKH addresses and will continue to add new addresses as the fund’s AUM grows," the company said.
- "Today the Bitwise Bitcoin ETF’s ($BITB) bitcoin addresses at Coinbase Custody, the qualified custodian of BITB’s holdings, have been upgraded from P2PKH to native SegWit P2WPKH," announced Bitwise.
"Though both versions are time-tested and secure, P2WPKH is a widely utilized enhancement. As a specialist, Bitwise brings technical expertise to our role as asset manager. We’re proud to announce this upgrade and we appreciate the experienced team at Coinbase Custody promptly addressing our request," the company added.
- "Investors will continue to be able to verify BITB’s holdings transparently on-chain, a unique capability that’s fundamental to the bitcoin blockchain. All are listed at http://bitbetf.com."
- Bitwise is one of two Bitcoin spot ETF providers that's allocating a portion (10%) of its ETF proceeds to support open source Bitcoin development (no strings attached). Late in January, it became the first Bitcoin spot ETF to publicly disclose its bitcoin holding addresses.
- BitMEX research has been keeping tabs on all of Bitcoin spot ETF activity. Here's how all the funds compare as of February 14, 2024.
