PUBLIC AUDITABILITY and PRIVATE OWNERSHIP can safely coexist with Bitcoin.
This is a unique superpower of Bitcoin.
Bitwise will continue to champion this unique property in our bitcoin ETFs.
To be clear, publishing addresses isn't a panacea. You still need auditors for attestation on the liability side. You need to be mindful of operational business privacy concerns.
But for public investment vehicles like bitcoin ETFs where all of this information (e.g. custodian, daily inflows/outflows, etc) is already public, the bias should be greatly towards publishing your addresses. It increases public confidence for your products and for the network as a whole.
Below is a screenshot of a webpage that mempool dot space (a popular bitcoin block explorer) built for our bitcoin ETF (BITB), completely independent of Bitwise, utilizing our published addresses: bitwise.mempool.space/wallet/BITB
Anyone can verify that the aggregate balance of bitcoin in our addresses on the mempool page match what is disclosed on our site: bitbetf.com
You might think this is trivial. You already trust KPMG (KPMG is our auditor for BITB) so who is this helping? Well, every six months there's a crisis of confidence in bitcoin ETFs with claims that the ETFs don't have the bitcoin. That the ETFs are lending out the bitcoin. All of this is completely unproductive noise that our space would be able to move past if public investment vehicles like bitcoin ETFs took additional steps to publish their addresses. We're 1 year into launch and BITB is still the only US bitcoin ETF that publishes its addresses.
We believe publishing bitcoin addresses for BITB serves the interest of public investors and the Bitcoin network and ecosystem as a whole and we're committed to this practice at Bitwise.
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BITB Disclosures & Prospectus: 
. BITB is not an investment company registered under the Investment Company Act of 1940 and is not afforded its protections. BITB is not suitable for all investors. BITB is subject to significant risk and heightened volatility.
BITB ETF
BITB | Bitwise Bitcoin ETF
BITB provides low-cost access to bitcoin through a traditional, professionally managed ETF.