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đ˘ Breaking News: Bitwise Takes the Lead as the First Spot Bitcoin ETF Issuer to Publicly Reveal Wallet Address.
Bitwise, a trailblazing crypto asset manager, has set a new standard by becoming the first among the top ten spot bitcoin exchange-traded fund (ETF) issuers to publicly reveal its digital wallet address. In a groundbreaking move, the San Francisco-based firm showcased a screenshot unveiling the Bitwise Bitcoin ETFâs (BITB) bitcoin address and holdings, totaling 11,858 bitcoins as of January 23. This initiative in transparency enables anyone to verify the fundâs holdings and transactions directly on the blockchain, aligning seamlessly with bitcoinâs commitment to onchain transparency.
Bitwise underscores the importance of onchain transparency within bitcoinâs ethos, proudly marking this innovative stride with BITB. The company aspires to enhance public transparency further through potential collaborations, such as exploring partnerships with entities like Hoeski to offer real-time cryptographic attestations. The disclosure of on-chain addresses addresses industry demands for comprehensive insights, particularly with the rise of spot bitcoin ETFs, alleviating concerns about financial opacity. Industry experts applaud Bitwiseâs move as a pivotal step towards onchain accounting, highlighting the convergence of traditional finance (TradFi) and decentralized finance (DeFi).
