{"id":16493,"date":"2024-07-30T04:08:06","date_gmt":"2024-07-30T04:08:06","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=16493"},"modified":"2024-07-30T04:08:06","modified_gmt":"2024-07-30T04:08:06","slug":"ark-21shares-bitcoin-etf-update-with-chainlinks-proof-of-reserve","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/ark-21shares-bitcoin-etf-update-with-chainlinks-proof-of-reserve\/","title":{"rendered":"ARK\/21Shares Bitcoin ETF Update with Chainlink&#8217;s Proof of Reserve"},"content":{"rendered":"\n<p>ARKB asset managers, 21Shares and Ark Investment, have partnered with Chainlink to enhance transparency and security in tokenized assets.<\/p>\n<h2>Chainlink\u2019s Proof of Reserve for ARKB Bitcoin ETF<\/h2>\n<p>The integration involves Chainlink\u2019s Proof of Reserve (PoR) to verify the Bitcoin reserves supporting the ARKB ETF, using Coinbase data feeds for real-time updates.<\/p>\n<p>Johann Eid from Chainlink Labs noted the collaboration\u2019s significance in boosting security and transparency for ARKB. This move aims to facilitate wider access to tokenized assets while ensuring data integrity.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Enhanced_Transparency_and_Security\"><\/span>Enhanced Transparency and Security<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors in the ARKB ETF will benefit from regular updates on BTC collateralization without manual verification. The use of Chainlink\u2019s oracle network will enhance the reliability of Proof of Reserve data, promoting system durability and trust.<\/p>\n<p>Chainlink\u2019s Proof of Reserve will allow independent verification of asset collateralization in the ARKB Bitcoin ETF, offering investors unprecedented transparency and security. Ophelia Snyder of 21 Shares US highlighted the partnership\u2019s commitment to setting a new standard in digital asset management.<\/p>\n<p><\/p>\n<p>Bitcoin is currently trading at $67,960, having briefly peaked at $70,000 in the early hours of Monday. <\/p>\n<p>Image credit: DALL-E, chart source: TradingView.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ARKB asset managers, 21Shares and Ark Investment, have partnered with Chainlink to enhance transparency and security in tokenized assets. Chainlink\u2019s Proof of Reserve for ARKB Bitcoin ETF The integration involves Chainlink\u2019s Proof of Reserve (PoR) to verify the Bitcoin reserves supporting the ARKB ETF, using Coinbase data feeds for real-time updates. Johann Eid from Chainlink [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16494,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"ARK\/21Shares Bitcoin ETF Update with Chainlink's Proof of Reserve - Bitrabo","description":"ARKB asset managers, 21Shares and Ark Investment, have partnered with Chainlink to enhance transparency and security in tokenized assets. Chainlink's Proof of R"},"footnotes":""},"categories":[316],"tags":[6673,789,6669,448,1820,6671,1923,6670,626,6057,6672,2161,2175],"class_list":["post-16493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-21shares","tag-ark","tag-ark21shares","tag-bitcoin","tag-chainlink","tag-chainlinks","tag-etf","tag-integrates","tag-major","tag-major-update","tag-por","tag-transformation","tag-update"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/16493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=16493"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/16493\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/16494"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=16493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=16493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=16493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}