ARK Invest and 21Shares Team Up with Chainlink for Bitcoin ETFs

The Proof of Reserve technology from Chainlink has recently been included into the ARK 21Shares Bitcoin ETF (ARKB), which has the potential to completely change the cryptocurrency investing market. Ophelia Snyder, president and co-founder of 21Shares, emphasized that investors may now have unmatched transparency and security into their assets with this effort.

By doing this, ARK and 21Shares put themselves at the forefront of the cryptocurrency space and became the second Bitcoin ETF provider to make its ownership data available onchain. This follows the admirable move made by Bitwise in January, when they disclosed the address of their digital wallet for its Bitcoin ETF (BITB), winning praise for their dedication to openness.

Success and Growth

Out of the 10 Bitcoin ETFs established in the same period, ARKB has achieved amazing performance since its inception on January 11. As of Monday, the firm had assets under control topping $1.8 billion, including a sizeable position of 33,274 Bitcoins. This accomplishment puts ARKB in third place in terms of capital attraction, only behind the iShares Bitcoin Trust (IBIT) from BlackRock and the Wise Origin Bitcoin Fund (FBTC) from Fidelity.

This integration not only demonstrates ARK and 21Shares’ dedication to openness, but it also establishes new benchmarks for investor confidence and responsibility in the cryptocurrency market. Initiatives such as this are vital in promoting trust and enabling wider use of digital assets as the market develops.