Bitcoin ETF Transformation: ARK/21Shares Integrates Chainlink’s PoR For Major Update
Summary
Asset managers of ARK Bitcoin ETF, 21Shares and Ark Investment, partner with Chainlink for transparency and security. Chainlink’s Proof of Reserve (PoR) will verify the ETF's Bitcoin reserves using Coinbase data feeds. This integration aims to provide frequent updates on collateralization, eliminate manual verification, ensure reliability, and increase overall security. Investors can independently verify the asset collateralization of the ARKB ETF.
