21Shares, a prominent issuer of crypto exchange-traded funds (ETFs), has integrated Chainlink's Proof of Reserve (PoR) to enhance transparency for its Core Ethereum ETF (CETH).

This integration follows the earlier implementation of Chainlink's PoR for 21Shares' spot Bitcoin ETF, making the addition for the Ether ETF a logical progression.

CETH debuted alongside eight other spot Ethereum ETFs on July 23, marking a significant milestone in cryptocurrency adoption.

The CETH is physically backed by Ether and aims to track the performance of Ethereum (ETH), providing investors with a tangible asset.

The integration of Chainlink's PoR allows for real-time visibility into the underlying ETH reserves of CETH, thereby increasing investor confidence in its backing.

This Proof of Reserve solution provides publicly accessible reserve data sourced directly from Coinbase, ensuring transparency and security of holdings.

Currently, 21Shares holds 2,800 ETH in reserve for the CETH, which is crucial for maintaining investor trust.

Ophelia Snyder, co-founder of 21Shares, views the approval of spot Ethereum ETFs as a significant step toward mainstream adoption of decentralized finance.

The recent approval of Ether ETFs in the U.S. is anticipated to pave the way for more crypto ETFs globally.

The integration of Chainlink's PoR eliminates the need for intermediary data sources, enhancing the decentralization and reliability of data updates.

Investors are cautioned that the fund is not registered under the Investment Company Act of 1940 and carries high volatility risks, making it unsuitable for all investors.