Bitwise, a leading cryptocurrency asset management firm, has set a new precedent by becoming the first U.S. spot Bitcoin exchange-traded fund (ETF) to publicly disclose its Bitcoin address holdings.

“Now anyone can verify BITB’s holdings and flows directly on the blockchain,” the asset manager stated. “Onchain transparency is core to Bitcoin’s ethos. We’re proud to walk the walk with BITB.”

In a move that aligns with the growing demand for openness and accountability in the industry, Bitwise is providing investors and the public with real-time access to the Bitcoin addresses associated with its ETF holdings. This disclosure enhances transparency and and attempts to fosters trust,…

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The recent approval of 11 spot bitcoin ETFs in the United States is heralded as a watershed moment for cryptocurrency, allowing it to reach a broader audience, assert Coinbase Institutional executives Brett Tejpaul and Greg Tusar. This development has already generated a remarkable $20 billion in trading volume, with eight of the ETFs choosing Coinbase as a custodian. Prominent financial entities like JPMorgan, Jane Street, Cantor Fitzgerald, and Macquarie Capital have also been named as authorized participants, showcasing significant client demand across the board.

Despite initial challenges, including operational adjustments requested by the SEC, Coinbase executives commend the ETFs’ smooth launch. They anticipate gradual asset accumulation in these products, acknowledging that widespread adoption may take months or even years. For Coinbase, this marks the next exciting chapter in the crypto asset class’s evolution.

The Block

On October 23, 2023 we asked our attorney, Rafael Yakobi of The Crypto Lawyers to assemble an expert legal team to respond to the U.S. Department of the Treasury and FinCEN’s proposed rules that would seriously harm your privacy by effectively outlawing bitcoin mixing as well as conflating basic best practices such as not reusing addresses as a suspicious action requiring enhanced reporting.

Below is an exact reproduction of the letter we have submitted to Treasury and FinCEN as part of the public request for comment period.

We wish to thank Rafael Yakobi and the team he assembled to draft this response on behalf of Samourai and our users: Carla Reyes, Sasha Hodder, JW Verret, among…

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BIGCAP COINS:

1. Bitcoin: Market Cap of $785 Billion.
2. Solana: Market Cap of $37.5 Billion.
3. Sui: Market Cap of $1.4 Billion.

MIDCAP COINS:

1. Manta Network: Market Cap of $732 Million.
2. Myro: Market Cap of $185 Million.
3. Ondo: Market Cap of $336 Million.

RISING COINS:

1. SatoshiVM: Market Cap of $77.2 Million.
2. Douglas Adams: Market Cap of $2.69 Million.
3. MAGA: Market Cap of $97.0 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Blockstream’s CEO, Adam Back, a seasoned Bitcoin expert, anticipates a substantial impact on the leading cryptocurrency with the introduction of Bitcoin exchange-traded fund (ETF) inflows. In a recent statement on social media, Back asserted that the influence of ETF inflows is poised to be an astounding 30 times larger than that of the upcoming BTC halving scheduled for April 18th.

Back highlights the role of traditional finance, particularly momentum buying driven by broker sentiment, in this surge. Being an early Bitcoin investor and the innovator behind Hashcash, a key element in BTC mining, Back emphasizes the extraordinary strength of Bitcoin’s fundamentals. Despite recent price declines, Back attributes them more to fear, uncertainty, and doubt (FUD) than substantial net selling, expressing confidence that major net-sellers are scarce. He cautions against panic selling, as weak hands often mistime market bottoms, leading to buying back at higher prices.

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The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

The First 5 Days

The Bitcoin spot ETF launch was one for the history books. By all accounts, it was the largest launch of an ETF product in history, beating out the previous record set by the Proshares Bitcoin Strategy ETF (BITO) launch in October 2021. First-day trading volume was huge at $4.6 billion, and it has remained relatively strong compared to typical post-launch declines of other products. We can…

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Hundreds of millions of Africans face two problems holding them back from progress: 600 million lack electricity, while virtually all 1.4 billion people on the continent lack high-quality currency. Compare this to the US, Northern Europe, or Japan, where nearly everyone has access to consistent, affordable power and a widely-accepted reserve currency like the dollar, euro, or yen.

The longer that Africans suffer from power blackouts and high inflation, the harder it is for them to get a leg up, despite their best efforts. Worse still, legacy energy and financial providers have no incentive to alleviate this issue, meaning currency debasement, debt traps, and grid shutdowns persist.

Most…

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In a groundbreaking move towards transparency, Arkham Intelligence, a leading blockchain analytics platform, has publicly disclosed the on-chain addresses of significant Bitcoin Exchange-Traded Funds (ETFs). This revelation marks a crucial milestone in the journey towards greater openness and understanding within the Bitcoin sector.

IBIT iShares Bitcoin TrustHoldings: 28.62K BTCValue: $1.16BEntity Link:https://t.co/e64glDMXxX

FBTC Fidelity Wise Origin Bitcoin FundHoldings: 29.91K BTCValue: $1.21BEntity Link:https://t.co/gxugCID2wh

BITB Bitwise Bitcoin ETFHoldings: 10.15K BTCValue: $422.68MEntity…

— Arkham (@ArkhamIntel) January 22, 2024

IBIT iShares Bitcoin Trust : Link

FBTC Fidelity Wise…

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