Ark And 21Shares Boost Transparency With Chainlink Integration For Bitcoin ETF

Asset managers Ark Invest and 21Shares have taken a significant step to enhance transparency for their ARK 21Shares Bitcoin ETF (ARKB) by integrating Chainlink's proof of reserves on the Avalanche mainnet. This integration allows investors to verify the Bitcoin holdings of the ETF, providing increased transparency and trust in the fund's underlying assets. By utilizing Chainlink's decentralized oracle network, Ark Invest and 21Shares are able to provide real-time and tamper-proof data regarding the Bitcoin reserves held by the ETF.

The use of Chainlink's proof of reserves on the Avalanche mainnet ensures that investors have access to accurate and up-to-date information about the Bitcoin holdings of the ARKB ETF. This transparency is crucial in the world of asset management, where trust and reliability are key factors for investors. By leveraging Chainlink's technology, Ark Invest and 21Shares are able to offer a higher level of transparency, giving investors peace of mind knowing that they can independently verify the fund's assets at any time.