Posted 2/28/2024, 2:00:00 PM
Ark Invest and 21Shares to Disclose Bitcoin Reserves for Spot ETF via Chainlink
- Ark Invest and 21Shares will disclose bitcoin reserves of their ARK 21Shares Bitcoin ETF (ARKB) via Chainlink to provide more transparency
- They are the second spot bitcoin ETF issuer to disclose reserves publicly, after Bitwise did so in January
- The move allows them to offer more insight and safety for ARKB investors regarding holdings
- ARKB has accumulated over 33,000 bitcoin and over $1.8 billion in assets under management, making it one of the more successful spot bitcoin ETFs
- This follows a wider trend towards transparency among bitcoin ETFs through disclosing wallet addresses and holdings on-chain