21Shares Integrates Chainlink Proof of Reserve for $ETH, $LINK, $CETH Transparency

Jul 29, 2024, 02:18 PM

21Shares has integrated Chainlink's Proof of Reserve system into its Core Ethereum ETF (CETH) on the Ethereum mainnet. This integration aims to enhance transparency and security by providing real-time visibility into the ETF's Ethereum reserves. The move is expected to boost investor confidence by ensuring clear and reliable information about the fund's holdings. This development marks a significant step forward in the transparency of crypto ETFs, with Chainlink's Proof of Reserve now enhancing both the spot Bitcoin and Ethereum ETPs issued by 21Shares. The integration affects $ETH, $LINK, and $CETH.