Tip of the cap to Bitwise. Last month following the U.S. Securities and Exchange Commission’s approval of its spot Bitcoin ETF, the asset management firm disclosed its bitcoin wallet address publicly.

This sets a new threshold for transparency in financial markets. The Bitcoin holdings in Bitwise’s Bitcoin spot ETF (ticker: BITB) can now be viewed by anyone with an internet connection via any Bitcoin block explorer. Because it’s on chain, proof of the ETFs holdings are now verifiable and tamper-proof. No need to trust a third-party auditor (remember Arthur Andersen’s Enron ?). With public confidence in institutions lower than ever, this feels like a paradigm shift toward a future where the dark corners of financial markets finally bring daylight for retail investors.