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Bitcoin Surges Above $62k, Ark Invest & 21Shares Integrate Chainlink Proof of Reserves

Feb 28, 2024
Author
Tom Couture
Tom Couture AC
Market Update Bitcoin ($BTC) continues its stellar week, rising 9.02% to surpass the $62k mark and bring it within 11% of its all-time high. $ETH has gained 5.43% today, exceeding $3,400, a level not seen since April 2022. Meme coins are outperforming today, with $PEPE, $DOGE, and $WIF gaining 21.63%, 19.07%, and 23.25%, respectively. The strong moves across various names have squeezed shorts, with over $209 million in short liquidations in the last 24 hours. U.S. equities are not sharing in crypto’s rise as many are focused on tomorrow morning’s PCE data. The SPY and QQQ are showing modest declines, decreasing by 0.08% and 0.33%, respectively, while the DXY has gained 0.16% as it hovers around the $104 mark.Ark Invest and 21Shares have integrated Chainlink’s Proof of Reserve product to increase the transparency of their Bitcoin ETF holdings (ARKB). ARKB has accumulated approximately $1.6 billion in Bitcoin since launching in January, making it the fourth-largest Bitcoin ETF by AUM. Ark and 21Shares are the first Bitcoin ETF issuer to leverage Chainlink’s technology and set a new standard for digital asset security and transparency. Chainlink ($LINK) is the leading oracle provider across the industry and has secured over $9 trillion in on-chain value across over 11.8 b

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