How to ensure transparency in bitcoin ETF issue ?
The proposed Bitcoin ETF Transparency Protocol aims to enhance transparency within Bitcoin Exchange-Traded Funds (ETFs). The key goals include verifying Bitcoin reserves by regularly publishing on-chain addresses and having independent third-party auditors confirm holdings. The protocol also suggests generating anonymized Transaction IDs for individual purchases, publicly listing them on a centralized website, and maintaining a verifiable count of total ETF units issued. This approach seeks to build trust among investors by providing a clear and publicly accessible account of Bitcoin holdings and individual transactions within the ETF.