Ark Invest and 21Shares enhance Bitcoin ETF transparency with Chainlink integration

Ark Invest and 21Shares enhance Bitcoin ETF transparency with Chainlink integration
фото показано с : cryptoslate.com

2024-2-29 22:14

Ark Invest and 21Shares have integrated Chainlink Proof of Reserve on the Ethereum mainnet to bolster transparency of the ARK 21Shares Bitcoin ETF (ARKB), according to a Feb. 28 statement.

With this move, investors in ARKB can verify that the ETF’s Bitcoin holdings completely support its value. This transparency is facilitated by the public accessibility of the underlying Bitcoin reserve and its historical data through Chainlink Proof of Reserve (PoR).

The mechanism is powered by off-chain reserves data sourced directly from Coinbase and enables on-chain reporting of reserve information via Chainlink oracles.

Ophelia Snyder, the Co-founder and President at 21 Shares US, said:

“This collaboration allows us to offer an unmatched level of insight and safety for our investors’ holdings for ARKB, reinforcing 21Shares’ commitment to leading the way in secure, transparent asset management.”

Transparency efforts

ARKB’s transparency efforts followed that of Bitwise, a Bitcoin ETF issuer that revealed the on-chain address for its BITB’s BTC holdings in January. Industry experts widely lauded this initiative, urging other ETF issuers to adopt similar transparency measures.

Snyder said the firm’s decision sets a “new standard for combining transparency and security” in digital asset management.

Johann Eid, the Chief Business Officer at Chainlink Labs, added:

“Chainlink Proof of Reserve is not just enhancing the security and transparency of the ARK 21Shares Bitcoin ETF, but also empowering institutions and market participants with the confidence to actively engage with onchain finance.“

Since the US SEC approved several Bitcoin ETFs for trading in January, these investment vehicles have experienced a sustained positive trajectory and massive adoption, marked by notable milestones like recording their third-largest day of net inflows on Feb. 27.

Notably, ARKB is one of the top performers among launched spot Bitcoin ETFs. However, it trails behind BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Trust (FBTC) in terms of assets under management (AuM). Presently, the ETF holds over 33,000 units of the flagship digital asset, valued at approximately $2 billion.

The post Ark Invest and 21Shares enhance Bitcoin ETF transparency with Chainlink integration appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

EthereumFog (ETF) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 ETF

etf bitcoin 21shares ark arkb chainlink invest

Источник: cryptoslate.com

etf bitcoin → Результатов: 126


Канадские биткойн-ETF сталкиваются с оттоком инвестиций, поскольку инвесторы обращаются к фондам США

Инвесторы переходят от канадских биткойн-ETF к американским аналогам, при этом в Purpose Bitcoin ETF наблюдается значительное сокращение активов. Последние данные показывают , что канадские держатели биржевых фондов биткойнов (ETF) перемещают свои инвестиции, при этом зафиксирован значительный отток средств из Purpose Bitcoin ETF.

2024-2-27 23:08


Some New Coins After ETF Approval Had Nothing to Do With Bitcoin

Markets have always been forward-looking, and the Bitcoin (BTC) Spot ETF was a classic example. Most of the highest gaining coins after the ETF approval had nothing to do with Bitcoin. Observing altcoins like Xai (XAI), Ethereum Classic (ETC), Ethereum Name Service (ENS), and Galaxy Fox (GFOX) may offer some insights as to where the … Continued The post Some New Coins After ETF Approval Had Nothing to Do With Bitcoin appeared first on BeInCrypto.

2024-1-18 11:30


VanEck исключит из листинга Bitcoin Strategy ETF

Решение об удалении акций VanEck Bitcoin Strategy ETF было принято примерно через неделю после того, как фирма получила одобрение SEC на листинг акций своего спотового Bitcoin ETF. Фирма по управлению активами VanEck объявила, что планирует закрыть и ликвидировать свой биржевой фонд стратегии биткойнов ( BTC ) менее чем через два года после его запуска.

2024-1-18 00:01


The Real Reason Behind Matrixport’s Dire Bitcoin ETF Predictions

Earlier today, Matrixport published a report predicting that the SEC would reject all Bitcoin ETF applications in January, causing Bitcoin’s price to plunge 9% within an hour. However, well-respected ETF analysts James Seyffart and Eric Balchunas from Bloomberg have countered Matrixport’s justification, arguing that ETF approval is actually highly likely.

2024-1-3 16:30


Фото:

Purpose Bitcoin ETF holdings soar past 30k, topping $1 billion amid signs of rising institutional interest

Quick Take Overcoming previous setbacks, the Purpose Bitcoin ETF’s holdings recently surpassed a significant milestone of 30k Bitcoin, a first since the Luna collapse in June 2022. Furthermore, its assets under management (AUM) have exceeded the $1 billion mark, underscoring the ETF’s resilience in its 18-month recovery period.

2023-11-14 01:45


Фото:

Cathie Wood says ‘hopes are rising’ for spot Bitcoin ETF; Larry Fink addresses role of crypto in restless markets

Cathie Wood, the CEO and CIO of ARK Invest, commented on pending spot Bitcoin ETF applications during a CNBC interview on Oct. 16. As ARK Invest is one of several asset managers pursuing a spot Bitcoin ETF, Wood began by describing the current state of her company’s application, stating: “It was publicized and disclosed last […] The post Cathie Wood says ‘hopes are rising’ for spot Bitcoin ETF; Larry Fink addresses role of crypto in restless markets appeared first on CryptoSlate.

2023-10-17 01:50


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Биткойн-майнер перемещает BTC на сумму $3 млн, которые оставались нетронутыми почти 14 лет

Сумма в 50 биткоинов (3,3 миллиона долларов), которая оставалась нетронутой в течение почти 14 лет, переместилась сегодня, что говорит о том, что ранние майнеры либо консолидируют свои кошельки, либо обналичивают их.

47 Out Of Every 100 Bitcoin Mined Stored By One Custodian: Analyst

On-chain analysis now reveals that a single anonymous custodian, believed to be Cobo Custody, plays a crucial role in the Bitcoin network. In a post on X, one analyst said the custodian controls the Coinbase addresses of at least nine mining pools, cumulatively contributing at least 47% of the total hash rate.  This means that for […]