21Shares US LLC has partnered with Chainlink to integrate its Proof of Reserve system into the 21Shares Core Ethereum ETF (CETH), which is physically backed by Ether. This collaboration enhances transparency by providing real-time data on Ethereum reserves, ensuring that CETH is fully backed by actual holdings. Chainlink’s trusted technology supports over $12 trillion in on-chain markets, reinforcing investor confidence in CETH’s integrity.

The utilization of Chainlink’s decentralized computing platform by 21Shares marks a significant step in bridging traditional finance with decentralized finance. According to 21Shares, this move is aligned with their mission to enhance transparency across digital asset investments, already proven successful with their Bitcoin reserves in the ARK 21Shares Bitcoin ETF.

The integration announcement follows the recent U.S. approval of a spot Ethereum ETF, signaling growing acceptance and momentum for cryptocurrencies. With over $1 billion in net inflows into eight new Ethereum ETFs, despite market fluctuations, 21Shares and Chainlink are at the forefront of promoting secure and transparent digital asset investments.