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Jan3 CEO: The issuer of Bitcoin spot ETF will eventually have to disclose its BTC chain address

Jan3 CEO: The issuer of Bitcoin spot ETF will eventually have to disclose its BTC chain address

Bitget2024/01/03 10:27

Blockstream CEO Samson Mow stated that Bitcoin spot exchange-traded fund (ETF) issuers will eventually have to disclose their BTC on-chain addresses in order to compete with other issuers. Disclosing verifiable on-chain evidence of Bitcoin reserves would be the best choice for spot Bitcoin ETF issuers to ensure their holdings, and none of the existing 14 applicants are committed to providing on-chain proof.

1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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