Live now, you can check daily balance updates on each fund’s…
The move comes after the collapse of FTX in 2022 showed how blind spots in reserve reporting can leave investors stranded. Back then, missing assets only came to light when it was too late. By running daily checks, Bitwise is making sure it won’t face a surprise shortfall.
According to the firm, investors will also get CPA‑attested reports within weeks. Those reports will cover not only assets but also liabilities. That means you’ll see both sides of the balance sheet. With that extra layer, shareholders can see what the fund owes as well as what it owns.
Based on expert commentary, other ETF issuers will likely take note. BlackRock’s iShares Bitcoin Trust (IBIT) currently manages $86 billion—by far the largest fund in this space. But size alone won’t cut it if investors demand proof of reserves. Smaller players like Bitwise could outshine bigger rivals by being more open about their holdings.
Featured image from Coinmama, chart from TradingView
