Key points:
- 21Shares has integrated Chainlink’s Proof of Reserve into its Ethereum ETF.
- This enhances transparency and investor confidence.
- Chainlink provides real-time, verifiable data on Ethereum reserves.
- This move is a significant step for the crypto ETF industry.
- 21Shares demonstrates commitment to transparency and security.
21Shares, a leading issuer of crypto exchange-traded products (ETPs), has integrated Chainlink’s Proof of Reserve (PoR) system into its Core Ethereum ETF (CETH). This move is aimed at bolstering transparency and investor confidence in the fund’s underlying Ethereum holdings.
By incorporating Chainlink’s PoR, 21Shares provides real-time, verifiable data on the Ethereum reserves backing the CETH ETF. This level of transparency allows investors to independently confirm the fund’s assets and their correlation to the ETF’s value. Chainlink’s decentralized oracle network ensures the accuracy and reliability of this data, providing a robust assurance mechanism.
This development marks a significant step forward in the crypto ETF industry, where transparency and security are paramount. As the adoption of digital assets continues to grow, initiatives like this are crucial for building trust and attracting institutional investors.
21Shares’ integration of Chainlink’s PoR underscores the company’s commitment to providing investors with the highest level of transparency and security. By leveraging this cutting-edge technology, 21Shares is setting a new standard for the crypto ETF market.
