Bitwise Bitcoin ETF Becomes First Spot ETF To Publish BTC Addresses — Balaji Srinivasan Responds 'Satoshi > SEC'
Portfolio Pulse from Mehab Qureshi
Bitwise Asset Management revealed the wallet addresses for its Bitwise Bitcoin ETF (BITB), allowing public tracking of its holdings and transactions on the blockchain. The ETF holds 11,858 Bitcoin, valued at approximately $474 million. Balaji Srinivasan praised the move as a step towards on-chain accounting. Despite no new inflows on the day, Bitwise has seen $518 billion in inflows over a week, trailing only behind BlackRock and Fidelity's Bitcoin ETF inflows. Bitcoin's price was down 3.08% at $39,699.
January 25, 2024 | 5:38 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Bitcoin (BTC) was trading at $39,699, experiencing a 3.08% decrease in the last 24 hours.
The price of Bitcoin (BTCUSD) has seen a short-term decline, which could be influenced by various market factors. While the Bitwise Bitcoin ETF's move towards transparency is a positive development, it may not have a direct impact on Bitcoin's price in the short term. The price movement is more likely due to broader market trends and investor sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Bitwise Bitcoin ETF (BITB) disclosed its Bitcoin wallet addresses, promoting transparency and aligning with the crypto community's ethos. It holds 11,858 Bitcoin valued at $474 million.
The disclosure of wallet addresses by Bitwise Bitcoin ETF (BITB) is likely to be viewed positively by investors who value transparency, potentially increasing trust and interest in the ETF. This move aligns with the ethos of the cryptocurrency community and could attract more investors, leading to a positive short-term impact on BITB's price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100