Bitcoin ETF Gets 42069

Learn how to buy non-KYC Bitcoin:
https://www.bitcoinuniversity.com/courses/76599-the-ultimate-guide-to-bitcoin

In this video, I discuss how the Bitwise Bitcoin ETF (BITB) has chosen to reveal the Bitcoin address where it is holding the BTC that supposedly backs its ETF.

I discuss the implications of this for transparency, proof of reserves, OFAC compliance, as well as the reason that you want to build a new financial system on a transparent foundation, rather than an obscure foundation.

I also show on-chain how BITB is now apparently over-collateralized thanks to donations of meme amounts of sats to the address.

Not investment advice! Consult a financial advisor.

Bitwise publishes its Bitcoin address:
https://twitter.com/BitwiseInvest/status/1750224060620111912

View the address on-chain here:
https://mempool.space/address/1CKVszDdUp4ymGceAZpGzYEFr4RPNHYqaM

Bitcoin address types:
https://unchained.com/blog/bitcoin-address-types-compared/

Coinbase Custody uses MPC:
https://help.coinbase.com/en/coinbase/other-topics/legal-policies/what-does-coinbase-do-with-my-digital-assets

Pledditor on OFAC, proof of reserves:
https://twitter.com/Pledditor/status/1750282348707377489
https://twitter.com/Pledditor/status/1750265738957381947

How To Prove That You Own Bitcoin (Signed Messages):
https://www.youtube.com/watch?v=7BtxRgJD4aM&ab_channel=BitcoinUniversity />
Hoseki:
https://www.hoseki.app/

Do you trust GLD?
https://www.spdrgoldshares.com/

Bitwise Will Donate 10% of Its Bitcoin ETF Profits to Brink, OpenSats and the Human Rights Foundation:
https://www.nobsbitcoin.com/bitwise-will-donate-10-of-etf-profits-for-bitcoin-development/

Brink:
https://twitter.com/bitcoinbrink

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#ETF

Disclaimer
Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.

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