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After Bitwise, Ark Invest Will Also Announce Spot Bitcoin ETF Reserves: Partnership Established with This Altcoin, Price Reacted Positively!

source-logo  en.bitcoinsistemi.com 28 February 2024 11:39, UTC

The SEC approved the long-awaited spot Bitcoin ETFs in early January. There has been tremendous demand for ETFs since then, while continued strong inflows have supported the BTC rally.

After approval, Bitwise company, which has a spot ETF, announced its spot Bitcoin ETF reserves and made the ETF wallet address public.

After Bitwise, another move came from Ark Invest and 21Shares.

In a move towards greater transparency, Ark Invest and 21Shares will make the Bitcoin reserves of the ARK 21Shares Bitcoin ETF (ARKB) publicly available, Coindesk reports.

Ark Invest and 21Shares said they will integrate Chainlink's Proof of Reserve platform to verify BTC reserve data.

Ophelia Snyder, co-founder and president of 21Shares, said:

“This collaboration with Chainlink (LINK) will allow us to offer an unparalleled level of information and security for our investors' assets on ARKB.”

The ARK 21Shares Bitcoin ETF (ARKB) has been one of the most successful among the 10 spot Bitcoin ETFs launched on January 11, with 33,274 Bitcoins in the ARKB fund as of the end of Monday.

After the news, LINK price started to rise.

*This is not investment advice.