21Shares US LLC has integrated Chainlink Proof of Reserve into its 21Shares Core Ethereum ETF (CETH) to enhance transparency, ensuring that the ETF’s Ethereum reserves are visible and secure. Chainlink’s technology provides real-time and historical reserve data, drawing from Coinbase. This integration follows a similar implementation for the ARK 21Shares Bitcoin ETF. Despite $1 billion in net inflows into new Ethereum ETFs, CETH faced significant competition from Grayscale’s ETHE, which saw $1.5 billion in outflows. The move underscores the growing importance of transparency in bridging traditional and decentralized finance.
Source: The Block