Ark and 21Shares increase BTC ETF transparency with Chainlink integration
Market watchers are urging Bitcoin ETF issuers to adopt industry-standard transparency measures.
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Market watchers are urging Bitcoin ETF issuers to adopt industry-standard transparency measures.
The executive also commented on the possibility of an Ethereum ETF being approved.
Ophelia Snyder, co-founder of 21Shares and 21.co, said that even if Coinbase went bankrupt, the underlying Bitcoin of the spot Bitcoin ETF would not be commingled.
It follows a July 2022 consultation and is part of the G20 cross border payments program.
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Despite the downturn in the cryptocurrency market this year, Swiss cryptocurrency ETP firm 21Shares has seen record inflows of new cryptocurrencies year-to-date.
The regulator said it would be appropriate to “specify a longer period” of approval or disapproval of the proposed bitcoin ETF.