Bitwise publishes bitcoin ETF holdings address after on-chain sleuths uncover BlackRock’s
Bitwise is the first firm to make public its bitcoin ETF address without the help of sleuths
Bitwise Asset Management CEO Hunter Horsley | DAS 2022 by Blockworks
Bitwise has publicly disclosed the address of its bitcoin ETF’s holdings.
In a post on X, the company said that sharing the address was the “first step toward increasing public transparency.”
While the issuer is the first to make this type of announcement, that hasn’t stopped internet sleuths from tracking down the addresses for other issuers, including Grayscale and BlackRock.
Other sleuths have uncovered the addresses for VanEck, WisdomTree and Fidelity among others. Bitwise, prior to its public announcement, was also on that list according to a Jan. 22 post from Arkham on X.
The bitcoin ETFs had a rocky start following the much-anticipated approval from the Securities and Exchange Commission.
Grayscale, in particular, has seen huge outflows. Though some, as Blockworks previously reported, may stem from the FTX estate unloading its GBTC holdings.
GBTC has around $21 billion in assets, according to the firm’s website on Wednesday.
Volatility is no stranger to the bitcoin ETFs, which only received approval this month.
Prior to the SEC officially paving the way for the launches, an attacker was able to access the SEC’s official X account and make a fake ETF approval post. SEC Chair Gary Gensler then confirmed, via his X account, that the post was not sanctioned or made by the SEC.
The bitcoin ETFs were then approved the next day.
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