ARK Make investments and 21Shares have partnered with Chainlink to boost the transparency of its Bitcoin ETF.
The announcement of this integration goals to supply unparalleled perception and safety for ARK 21Shares Bitcoin ETF (ARKB) buyers’ belongings, using Chainlink’s Proof of Reserve platform for holdings verification, in accordance with 21Shares Co-Founder and President Ophelia Snyder.
The initiative marks a notable step within the cryptocurrency trade, positioning ARK and 21Shares because the second spot Bitcoin ETF issuer to make their holdings information accessible onchain.
This follows Bitwise’s January announcement, revealing its digital pockets handle for its Bitcoin ETF (BITB), through which Bitwise obtained a commendation from trade specialists for its contribution to transparency.
ARKB, launched on Jan. 11 alongside 9 different spot Bitcoin ETFs, has demonstrated appreciable success. As of Monday, the fund reported holding 33,274 Bitcoins with belongings underneath administration surpassing $1.8 billion, rating it third in capital attraction behind solely Constancy’s Sensible Origin Bitcoin Fund (FBTC) and BlackRock’s iShares Bitcoin Belief (IBIT).