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ARK Invest and 21Shares have announced the integration of Chainlink's Proof of Reserves (PoR) for their spot Bitcoin ETF, $ARKB, aiming to enhance transparency regarding the ETF's Bitcoin reserves. This move allows for real-time visibility into the reserves, which are significant, with the ETF holding over $1.8 billion in assets or approximately 33,274 BTC. The integration was reported by multiple sources, including CoinDesk, and marks a significant step towards transparency in the cryptocurrency space. The Proof of Reserves is implemented on both the Avalanche (@avax) and Ethereum (@ethereum) mainnets, showcasing a commitment to leveraging blockchain technology for investor assurance.
ARK 21Shares Bitcoin ETF has integrated Chainlink’s Proof of Reserve platform... Offers transparency into bitcoin backing ETF. Space is moving fast. https://t.co/2SPaj3if4I
.@21Shares teamed up with @Chainlink to roll out its proof of reserves (PoR) for its spot bitcoin ETF which has about $1.8 billion in BTC holdings. PoRs became especially popular following the collapse of FTX. @httpsageyd reports https://t.co/tEaxkG1WPL
.@ARKInvest & @21shares_us are the first Bitcoin ETF issuer to share proof of funds 🙏 Here's hoping others follow 🤞 If you're looking for sources, all 🟢 🟠 🔵 emojis are hyperlinks to their respective source on https://t.co/jW6Of0S51K https://t.co/pZbAh8K2BR
