Altcoin Chosen by Billion Dollar Companies Rises Rapidly

Asset management companies Ark Invest and 21Shares will use Chainlink to share data transparently.

According to the statement made by Ark Invest and 21Shares, the duo will use Chainlink’s Proof of Reserve platform to confirm the assets held in the ARK 21Shares Bitcoin ETF (ARKB).

Ophelia Snyder, President of 21Shares “Through this collaboration, we will be able to provide our investors with an unprecedented level of information about their holdings in ARKB.” said.

According to TradingView data, Chainlink (LINK) rose rapidly after this decision and gained 7% in value on a daily basis.

ARKB, which started trading on January 11, received a total of 33 thousand 274 Bitcoins collected and in total Worth more than $1.8 billion manages existence.

Another ETF issuer, Bitwise, also issued a license to track assets in the Bitwise Bitcoin ETF last month. wallet address he explained.

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