Bitwise Announces Bitcoin Spot ETF (BITB) Wallet Address, Receive 6969 sats Instantly
ETF issuer Bitwise has announced the wallet address holding the holdings of its Bitcoin spot ETF (BITB) as a way to enhance transparency on the chain. After Bitwise announced the address, someone sent 6,969 sats to the Bitwise ETF. Bloomberg ETF analyst Eric Balchunas said, “I’m pretty sure this is the first time someone has donated the underlying assets to an ETF.” BITB has also become the only over-collateralized ETF at present.
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BITB holds 11,858.63 BTC, which can be queried on-chain by anyone.
Someone sent a donation immediately after the address was announced.
Bitwise announced on its official Twitter (now X): Bitwise Bitcoin ETF (BITB) becomes the first Bitcoin ETF in the US to disclose its Bitcoin address holdings. Anyone can directly verify the holdings and liquidity of BITB on the blockchain.
Transparency on the chain is at the core of Bitcoin’s spirit. Publishing on-chain addresses is the first step towards increasing public transparency. With the development of infrastructure, we hope to do more, such as partnering with hosekiapp to provide real-time cryptographic proof.
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According to its announcement, as of 1/23, BITB holds 11,858.63 BTC, worth about $465 million. Its asset size accounts for about 1% of the new Bitcoin spot ETF (excluding GBTC and Hashdex parallel to futures conversion), currently ranking below BlackRock, Fidelity, and Ark Investment.
After Bitwise announced the address, someone sent 6,969 sats to the Bitwise ETF.
Bloomberg ETF analyst Eric Balchunas quoted Alexander Leishman’s tweet and said:
I’m pretty sure this is the first time someone has donated the underlying assets to an ETF. This market never has dull moments.
Leishman even jokingly referred to Bitwise ETF as the only over-collateralized ETF at present.
BITB
Bitwise
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