BITWISE LAUNCHES DAILY PROOF OF RESERVES FEATURE FOR ITS BITCOIN ETF AND ETHEREUM ETFS
JUST IN: Bitwise launches daily proof of reserves for its Bitcoin ETF https://t.co/V8cctTwUUy
🇺🇸 $12 BILLION BITWISE JUST LAUNCHED PROOF OF RESERVES FOR THEIR #BITCOIN ETF LIKE, IF BLACKROCK SHOULD DO IT TOO 👀 https://t.co/cvjVHuWC51
Bitwise Asset Management has begun publishing a third-party proof-of-reserves report for its spot Bitcoin ETF (BITB) and Ethereum ETF (ETHW), expanding transparency measures in the rapidly growing crypto-fund market. The verification is performed daily by The Network Firm, a U.S. certified public accounting firm, which reconciles the on-chain holdings of each fund against the number of shares outstanding. Current wallet balances and attestations are available in real time on the ETFs’ web pages, allowing investors to confirm that the funds hold the full amount of digital assets backing their shares.