
Samson Mow, CEO of Jan3, believes that issuers of spot Bitcoin ETFs will need to disclose their on-chain addresses to compete with other issuers. However, none of the existing applicants have shown any intention of providing on-chain proofs. While skeptics question the underlying holdings of a spot Bitcoin ETF, experts suggest that holding actual Bitcoin would be in the best interest of the issuers to maintain their reputation and trust. Investors can verify the holdings of a spot Bitcoin ETF by examining publicly available records from the ETF provider, ensuring regulatory oversight of the underlying assets.
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