Summary
TLDR: Ark Invest and 21Shares integrate Chainlink’s Proof of Reserve platform for the ARK 21Shares Bitcoin ETF, providing real-time insights into holdings. Chainlink’s price surged 7.8% following the announcement. ARKB has become the third-largest Bitcoin ETF, following initiatives by Bitwise to increase transparency and support industry growth.
Key Points
1. Ark Invest and 21Shares have integrated Chainlink’s Proof of Reserve platform for the ARK 21Shares Bitcoin ETF (ARKB) to provide real-time, verifiable insights into the ETF’s holdings.
2. The Chainlink integration led to a 7.8% surge in the price of Chainlink (LINK), from $19.41 to a high of $20.93, showcasing the impact of the collaboration on the cryptocurrency’s market performance.
3. ARKB has quickly become one of the prominent spot Bitcoin ETFs, managing assets worth over $1.8 billion and securing 33,274 BTC, positioning it as the third-largest fund in its category. Additionally, this development mirrors the transparency initiative undertaken by Bitwise in the spot Bitcoin ETF market.