Exchange-Traded Product (ETP) to publicly share its Ethereum addresses and establish Ethereum Name Service (ENS) subnames for each address.
This move underscores Bitwise’s commitment to on-chain transparency and sets a new standard for the industry. Let’s explore more about this Bitwise Ethereum ETF.
Bitwise Ethereum ETF Sets Transparency Standard with ENS
The published Ethereum addresses with their corresponding ENS subnames are as follows:
a) 1.ethw.bitwise.eth -> 0xa15c...2A69
b) 2.ethw.bitwise.eth -> 0xEd92...b4eF
c) 3.ethw.bitwise.eth -> 0x3339...7cB5
d) 4.ethw.bitwise.eth -> 0x7716...eec8
e) 5.ethw.bitwise.eth -> 0x6F28...57Ed
By utilizing ENS subnames, Bitwise has made it easier for users to track and interact with the ETF’s assets. This setup enables the creation of public dashboards and the writing of smart contracts that can access the ENS records, further enhancing the usability and transparency of ETHW.
Source: X
Bitwise’s initiative to bring on-chain transparency to ETHW in an Ethereum-native way is a significant step forward. By providing real-time visibility into its holdings, Bitwise is setting a precedent for how cryptocurrency ETFs can operate with greater openness and accountability.
More About Bitwise ETH ETFs
As the fund grows, Bitwise plans to add more addresses, ensuring continuous and up-to-date transparency for its investors. For those interested in tracking these updates, the most current addresses will always be available at ethwetf.com.
Source: X
However, it is important to note that ETHW is not suitable for all investors. Investing in ETHW involves a high degree of risk, the potential for significant volatility, and the possibility of substantial or complete loss of investment. Furthermore, ETHW is not an investment company registered under the Investment Company Act of 1940, meaning it does not have the protections afforded by this act.
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