Bitwise Shakes Up Crypto Markets with Daily Bitcoin ETF Attestations—Transparency or Theater?

Wall Street's favorite crypto shop just upped the ante. Bitwise is slapping daily attestations on its bitcoin ETFs—because nothing says 'trust us' like paperwork.

Why it matters: After a decade of crypto investors screaming for transparency, TradFi finally figured out how to monetize it. The move comes as SEC scrutiny tightens and institutional players demand proof their digital gold isn't fool's gold.

The fine print: These aren't your grandma's quarterly reports. Daily disclosures mean real-time tracking of reserves—a first for crypto ETFs. Whether it prevents the next FTX-style blowup or just creates more compliance theater remains to be seen.

Bottom line: In a market where 'trust me bro' was once sufficient, Bitwise is betting institutional dollars will flow where audits follow. Just don't ask who's auditing the auditors.