Bitwise has revealed several ENS addresses that are used for storing Ethereum tokens in its new spot ETH ETF.
The first U.S. Ethereum spot is Bitwise (ETH) ETF issuer to publish wallets after committing to transparency for its ETHW fund. In January, the wealth manager took a similar step when it revealed public Bitcoin wallets.BTC) addresses for assets underpinning the BITB spot BTC ETF.
The tags assigned to five addresses by Ethereum Name Service are: posted ETHW, along with eight other funds, began trading shortly after. ENS names simplify Ethereum addresses which can be long and confusing. Instead of alpha-numeric, the ENS Protocol designates a label that is shorter, like “abc.eth,” You can find an address by clicking here.
Bitwise promised to add new addresses on the chain as it grows in order for users and investors to track Ether related activity.
“This is the sort of transparency only crypto makes possible. It allows anyone to verify ETHW’s holdings and flows directly on the blockchain, and it lets people easily build public dashboards or write smart contracts that utilize the available ENS records”An excerpt of the announcement was read.
The ENS protocol applauded the update. “ETHW is now the most crypto-native ETF,” Tweets from ENS X said.
Bitwise, competitors hit $361m trading volume in 90 minutes
Within the first half hour of launch, eight ETFs with nine spots each captured $361 million worth of trading volume. In the first hour, Ether ETFs accounted for over 55% more trading volume than Bitcoin ETFs.
Matthew Sigel of VanEck’s digital asset research department noted that Grayscale’s Ethereum Trust (ETHE), which is a Grayscale-backed ETF, accounted for approximately 24 percent of the spot ETH activity on Tuesday. Grayscale was the primary source of most trading. ETF data is typically consolidated the next day so a better picture should be available by Wednesday.
Ethereum’s value was not affected by Wall Street and news. Ether was the subject of many speculations. reactIt can be either a rise in price or a fall.
“Predicting whether ETH will skyrocket is challenging. The reality is no one knows, so we can only look at trends and previous price action,” Rick Bagshaw is the CMO at P2P and he told Crypto.news in an email.
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Source: crypto.news