{"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><span class=\"ez-toc-section\" id=\"Chainlinks_Proof_of_Reserve_for_ARKB_Bitcoin_ETF\"><\/span>Chainlink&#8217;s Proof of Reserve for ARKB Bitcoin ETF<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The integration involves Chainlink&#8217;s 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&#8217;s 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&#8217;s oracle network will enhance the reliability of Proof of Reserve data, promoting system durability and trust.<\/p>\n<p>Chainlink&#8217;s 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&#8217;s 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&#8217;s Proof of Reserve for ARKB Bitcoin ETF The integration involves Chainlink&#8217;s 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}]}}