Replying to Cui Bono

Can you explain how 'proof of reserves' would work within an institution running an ETF and if they would be obliged to evidence their UTXOs to the "authorities" or auditors or shareholders and if this would be ahem...open to "creative accounting" ?
e3
Peregrine Talcom 2y ago

They will be audited. Some have said they will publish their wallet addresses so anyone can view them on chain. Others have cited security concerns, but it may be seen as a competitive disadvantage if they don't.

Reply to this note

Please Login to reply.

Discussion

No replies yet.