Bitcoin & Transparency
Bitwise releases wallet addresses of spot Bitcoin ETF holdings
In a Jan. 24 X post, the firm announced that “anyone can verify” holdings for its Bitwise Bitcoin ETF, which trades as BITB on the New York Stock Exchange Arca.
At the time of publication, the address provided by Bitwise contained 11,858.63 BTC, worth roughly $465 million.
“Onchain transparency is core to Bitcoin’s ethos,”
said Bitwise. “We’re proud to walk the walk with BITB. [...] Publishing on-chain addresses is a first step toward increasing public transparency.”
Bitwise Bitcoin ETF wallet attracts inscriptions and rare sats donations
Asset management firm Bitwise made the Bitcoin address of its spot BTC exchange-traded fund (ETF) public on Jan. 24, becoming the first of the 10 spot BTC ETF issuers to do so.
The Bitcoin wallet address has received multiple tips and donations within hours of being public, including some Bitcoin ordinals and rare sats.
Ordinals
Ordinals create Bitcoin-based nonfungible tokens (NFTs) by inscribing data such as images, videos, and more to an individual satoshi on the base Bitcoin blockchain.
A satoshi is the smallest unit of Bitcoin, where 100,000,000 satoshis are in a single Bitcoin.
Ordinals only came into existence last year but surprised the crypto community.
Multisig Wallet
A multisig wallet works like a bank's safe deposit box that requires multiple private keys to be used simultaneously to open it.
Thus, with two or more private keys, a multisig wallet adds additional security to the crypto asset storage.
#Transparency #Bitcoin #ETF
