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International Business Times

Business

Marvie Basilan

ARK Invest, 21Shares Up Transparency With Chainlink Integration For Bitcoin ETF

21Shares Bitcoin ARK Ark Invest Chainlink Bitwise ETF European Union

Ark Invest and 21Shares have become only the second spot Bitcoin ETFs issuer to disclose their reserves. (Credit: YouTube Screenshot/ Ark Invest Official YouTube Chanel)

KEY POINTS

21Shares' Snyder said the collaboration should offer "unmatched level of insight and safety"
ARK's CEO has predicted that Bitcoin could reach a $1m trading value in the coming years
Bitwise was the first spot Bitcoin ETF issuer to reveal digital wallet address

Asset managers ARK Invest and 21Shares will disclose their spot Bitcoin exchange-traded funds (ETFs) reserves by integrating the Proof of Reserve platform of Chainlink, a decentralized blockchain oracle network on Ethereum, to enhance transparency, the companies announced Wednesday.

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