Bitwise has become the first U.S. Bitcoin ETF to publicly disclose its Bitcoin addresses.

The firm plans to enhance transparency through a potential collaboration with Hoseki for real-time cryptographic attestations.

Bitwise's decision sparked a positive response with $200 million inflows on the first trading day.

Bitwise has pledged to donate 10% of its Bitcoin ETF profits to support Bitcoin developers.

Concerns were raised about Bitwise's use of a single key wallet, but they clarified that Coinbase Custody, their custodial service provider, rotates addresses after spending.

Bitwise is working on an address upgrade to Taproot with its custodian, marking a significant step towards increasing public confidence in the Bitcoin market.