• Ark Invest & 21Shares are making the bitcoin reserve of their ARK 21Shares Bitcoin ETF (ARKB) publicly available in an effort to increase transparency.
  • After Bitwise, the asset managers were the second spot bitcoin ETF issuers.

The companies have announced that asset managers Ark Invest & 21Shares took a step toward greater transparency with their ARK 21Shares Bitcoin ETF (ARKB), by integrating Chainlink’s Proof of Reserve platform for verifying holdings data.

Ophelia Snider, 21Shares’ co-founder and President said: “This partnership allows us to provide an unmatched level insight and safety to our investors holdings of ARKB.”

This move follows a similar one made by Bitwise, another bitcoin ETF spot issuer. In January, Bitwise revealed its digital wallet address revealing the holdings of its Bitwise Bitcoin ETF. Experts in the industry praised this effort to increase transparency. Ark/21Shares is now the second issuer who will bring holdings data to blockchain.

ARKB was one of the most successful spot bitcoin ETFs that were launched on January 11. By the end of Monday’s trading, the fund held 33,274 Bitcoin and had assets under management of $1.8 billion. This is the third-highest among issuers. Only Fidelity’s Wise Origin Bitcoin Fund and BlackRock’s iShares Bitcoin Trust have attracted greater capital.

Stephen Alpher edited the book.