bitcoin.rocks on Nostr: Yesterday, Bitwise became the first #Bitcoin ETF issuer to share the address which ...
Yesterday, Bitwise became the first #Bitcoin ETF issuer to share the address which stores their Bitcoin.
This will hopefully cause the other ETF issuers to do the same, removing the uncertainty of an ETF's full 1:1 backing. It's still better to self-custody your Bitcoin, but this will remove the risk of paper Bitcoin being created by these ETFs.
This real-time auditability is a feature unique to Bitcoin! You can't do this with other ETFs like gold.
Search this address in any block explorer (like mempool (npub18d4…6lt3) ) to verify their holdings:
1CKVszDdUp4ymGceAZpGzYEFr4RPNHYqaM
This will hopefully cause the other ETF issuers to do the same, removing the uncertainty of an ETF's full 1:1 backing. It's still better to self-custody your Bitcoin, but this will remove the risk of paper Bitcoin being created by these ETFs.
This real-time auditability is a feature unique to Bitcoin! You can't do this with other ETFs like gold.
Search this address in any block explorer (like mempool (npub18d4…6lt3) ) to verify their holdings:
1CKVszDdUp4ymGceAZpGzYEFr4RPNHYqaM