Today, we’re introducing third-party Proof of Reserves transparency for the Bitwise Bitcoin ETF $BITB and the Bitwise Ethereum ETF $ETHW, provided by @The_NetworkFirm, a U.S.-based certified public accounting firm.
Live now, you can check daily balance updates on each fund’s website.
How does it work?
At the end of each trading day, The Network Firm directly verifies the onchain holdings for each ETF and reconciles bitcoin and ether balances against each fund's outstanding shares.
This is just the beginning. In the coming weeks, we will add a second layer of transparency: CPA-attested Proof of Reserves reports, published daily.
This new report will bring two key benefits:
– Verification of both sides of the ledger—not just assets, but also liabilities
– Independent examination reporting by a certified public accountant
Together, these features deliver a more comprehensive and easily readable approach to transparency as more mainstream investors engage with digital assets.
As a part of this transition, we’re retiring publishing the list of our now nearly 90 public wallet addresses directly on the websites.
As ever, we strive to be a good steward for investors, advancing the values of this space, and earning your trust.
Excited for the chapter ahead —
Live now, you can check daily balance updates on each fund’s website.
How does it work?
At the end of each trading day, The Network Firm directly verifies the onchain holdings for each ETF and reconciles bitcoin and ether balances against each fund's outstanding shares.
This is just the beginning. In the coming weeks, we will add a second layer of transparency: CPA-attested Proof of Reserves reports, published daily.
This new report will bring two key benefits:
– Verification of both sides of the ledger—not just assets, but also liabilities
– Independent examination reporting by a certified public accountant
Together, these features deliver a more comprehensive and easily readable approach to transparency as more mainstream investors engage with digital assets.
As a part of this transition, we’re retiring publishing the list of our now nearly 90 public wallet addresses directly on the websites.
As ever, we strive to be a good steward for investors, advancing the values of this space, and earning your trust.
Excited for the chapter ahead —
RISKS AND IMPORTANT INFORMATION
This material must be preceded or accompanied by a prospectus. Please read the prospectus carefully before investing. To obtain a current prospectus, visit: for BITB, BITBetf.com/prospectus; for ETHW, ETHWetf.com/welcome.
BITB and ETHW are not suitable for all investors. An investment in BITB or ETHW is subject to a high degree of risk, has the potential for significant volatility, and could result in significant or complete loss of investment. BITB and ETHW are not investment companies registered under the Investment Company Act of 1940, as amended (the”40 Act”) and therefore are not subject to the same regulations and protections as the 1940 Act registered ETFs and mutual funds. An investment in BITB or ETHW is not a direct investment in Bitcoin or Ether.
This material must be preceded or accompanied by a prospectus. Please read the prospectus carefully before investing. To obtain a current prospectus, visit: for BITB, BITBetf.com/prospectus; for ETHW, ETHWetf.com/welcome.
BITB and ETHW are not suitable for all investors. An investment in BITB or ETHW is subject to a high degree of risk, has the potential for significant volatility, and could result in significant or complete loss of investment. BITB and ETHW are not investment companies registered under the Investment Company Act of 1940, as amended (the”40 Act”) and therefore are not subject to the same regulations and protections as the 1940 Act registered ETFs and mutual funds. An investment in BITB or ETHW is not a direct investment in Bitcoin or Ether.
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