The answer
Yes. A watch-only wallet with the right addresses, xpubs or descriptors can identify relevant on-chain coins and transaction history without holding private spending keys.
What to do next
Verify watch-only software received the correct descriptor and connect it to a trusted node or provider; keep signing material offline.
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Frequently asked questions
Can a watch-only wallet send funds?
It can construct unsigned transactions, but valid spending requires the separate private key signatures.