Demex Daily #207: 21Shares Boosts Ethereum ETF Transparency with Chainlink Amid Crypto ETF Advances

What’s Interesting Today:

21Shares has integrated Chainlink's proof-of-reserve system to enhance transparency for its Core Ethereum ETF, aiming to boost investor trust. This integration offers real-time reserve data from Coinbase, enhancing the credibility of the ETF just after the U.S. launched its first spot Ether ETFs. The approval of these ETFs marks a significant step towards mainstreaming decentralized finance. Additionally, the move could catalyze the approval of more crypto ETFs globally, with firms like Franklin Templeton and SBI Holdings exploring similar launches in other markets, including a potential crypto ETF in Japan and a spot Solana ETF, depending on regulatory developments.

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The Data Ownership Protocol (DOP) is set to deploy on Polygon PoS, aiming to enhance data ownership and control in the Web3 space by leveraging Polygon's scalable and cost-efficient network. This integration will provide DOP users with lower transaction costs and improved selective transparency features, enabling better control over personal data. The move will also facilitate the development of a bridge between Ethereum and Polygon within the DOP user interface, increasing interoperability and the potential for wider adoption of DOP's data ownership solutions across decentralized applications.