Bitwise is setting a new benchmark for crypto ETP Proof of Reserves. Today, Bitwise, in partnership with our U.S.-based accounting firm, @The_NetworkFirm , deployed a second layer of transparency to our Proof of Reserves system, allowing for daily CPA-attested Proof of Reserves reports for the Bitwise Bitcoin ETF $BITB and the Bitwise Ethereum ETF $ETHW. Now, along with the ability to check daily balances on each fund’s website, you can view a daily, CPA-attested Proof of Reserves Examination Report that includes: - a full scope of the ledger, both assets held in reserve and liabilities to $BITB and $ETHW holders - independent reporting by a certified public accounting firm, including their opinion on the subject matter How does it work? An independent auditor performs an examination of the $BITB and $ETHW Holdings Reports under AICPA standards and issues an opinion on whether they are fairly stated in all material respects, giving users added confidence in the accuracy and...
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