Arkham "Exposes" Wallets Holding Bitcoin for 4 Spot ETFs
Continuing their series of wallet disclosures, Arkham Intelligence has identified the addresses of Bitcoin wallets associated with the spot ETFs of major players Blackrock, Fidelity, Bitwise, and Franklin Templeton.
Arkham "Exposes" Wallets Holding Bitcoin for 4 Spot ETFs. Photo: Quora
On January 23rd, at midday, Arkham Intelligence, a platform specializing in on-chain data aggregation, became the first organization to reveal the addresses of 4 Bitcoin (BTC) wallets closely tied to the spot ETFs of Blackrock, Fidelity, Bitwise, and Franklin Templeton.
Breaking: ETF addresses for Blackrock, Fidelity, Bitwise, and Franklin Templeton are now on Arkham.
— Arkham (@ArkhamIntel) January 22, 2024
Arkham has identified the on-chain location of four of the Bitcoin ETFs. We are the first to publicly identify these addresses.
Links and holdings breakdown below: pic.twitter.com/gFJAIklwtc
The data partly paints a picture of the current landscape of Bitcoin ETFs, as well as the overall scenario of investment distribution among leading exchange-traded funds today.
Collectively, the 4 ETFs from Blackrock, Fidelity, Bitwise, and Franklin Templeton hold over 70,000 Bitcoins, equivalent to $2.84 billion USD. Here are the specific holdings:
- IBIT iShares Bitcoin Trust holds 28,620 BTC - valued at $1.16 billion USD;
- FBTC Fidelity Wise Origin Bitcoin Fund holds 29,910 BTC - valued at $1.21 billion USD;
- BITB Bitwise Bitcoin ETF holds 10,150 BTC - valued at $422.68 million USD;
- EZBC Franklin Bitcoin ETF holds 1,160 BTC - valued at $47.09 million USD.
Photo: Arkham Intelligence
This is not the first time the project funded by Binance has uncovered whale wallets. Arkham previously discovered that Robinhood holds the third-largest amount of BTC and the fifth-largest amount of ETH globally, identified a cluster of Bitcoin wallets from Coinbase comparable in value to Satoshi's wallet, and found wallets holding $4.8 billion USD worth of Ethereum from Grayscale...
On the other hand, Arkham Intelligence's efforts to search for and publicly disclose these addresses serve as evidence of the growing demand for transparency and accountability in the crypto market.
On January 11th, U.S. officials officially approved 11 registration filings for Bitcoin spot ETFs from more than a dozen U.S. asset managers, following years of strong opposition. Despite the enthusiastic reception of Bitcoin spot ETFs, trading volume for these products halved on the third day after listing.
Currently, Bitcoin is facing pressure from stock conversion demands from GBTC of Grayscale, leading to many altcoins seeing red. The CEO of Grayscale also predicts that there will eventually only be 2-3 active Bitcoin spot ETFs, due to the management fee war among Wall Street giants.
