The recent enhancements in transparency for Bitcoin and Ethereum ETFs, as announced by Bitwise, represent a significant technological leap in the financial sector. This move, involving daily on-chain holdings verification, leverages technology to build trust and confidence among investors. The integration of blockchain technology into traditional financial instruments is a testament to its transformative potential.
The Network Firm, a U.S.-based accounting company, is now responsible for verifying the daily holdings of the Bitwise Bitcoin ETF (BITB) and the Bitwise Ethereum ETF (ETHW). This process ensures that the reported holdings align with the actual assets, providing a level of assurance previously unavailable. According to recent reports, the BITB holds approximately 12,338 BTC, valued at around $465 million as of July 15, 2025. The ETHW has net assets of $358 million.
This technological advancement is not just about compliance; it's about creating a more efficient and secure financial ecosystem. The use of blockchain technology allows for real-time verification, reducing the potential for errors and fraud. The latest trade time for BITB was Tuesday, July 15, 17:52:20 UTC. The price of BITB is currently 63.9 USD with a change of -1.35 USD (-0.02%) from the previous close. The price of ETHW is 22.18 USD with a change of 0.64 USD (0.03%) from the previous close.
The introduction of daily CPA-attested reports in the coming weeks will further solidify this commitment to transparency. This will provide investors with even greater confidence in the underlying assets of these ETFs. This is a crucial step in the evolution of digital assets and their integration into the mainstream financial world.