Arkham announces the discovery of 4 Bitcoin wallets associated with 4 spot ETF funds
On the morning of January 23rd, the on-chain data aggregation platform, Arkham Intelligence, became the first organization to disclose the addresses of four Bitcoin (BTC) wallets closely associated with the spot Bitcoin ETF funds of Blackrock, Fidelity, Bitwise, and Franklin Templeton.
The provided data offers a glimpse into the current landscape of Bitcoin ETFs, as well as a comprehensive overview of the scale and distribution of Bitcoin investments among leading exchange-traded funds.
The four ETF funds from Blackrock, Fidelity, Bitwise, and Franklin Templeton collectively hold over 70,000 Bitcoins, equivalent to $2.84 billion USD. Specifically:
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IBIT iShares Bitcoin Trust holds 28,620 BTC – valued at $1.16 billion USD.
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FBTC Fidelity Wise Origin Bitcoin Fund holds 29,910 BTC – valued at $1.21 billion USD.
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BITB Bitwise Bitcoin ETF holds 10,150 BTC – valued at $422.68 million USD.
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EZBC Franklin Bitcoin ETF holds 1,160 BTC – valued at $47.09 million USD.
Most of these wallet addresses are consistently accumulating Bitcoin, despite a relatively strong correction in the Bitcoin price following the approval of the ETFs.
Arkham’s Other Wallet Discoveries
Above is not the first time Arkham has “unveiled” whale wallets. Arkham has previously discovered that Robinhood holds the third-largest amount of BTC and the fifth-largest amount of ETH globally; identified the cluster of Bitcoin wallets on Coinbase valued similarly to Satoshi’s wallet; and found wallets holding Grayscale’s $4.8 billion worth of Ethereum.
Related: CryptoQuant CEO Reveals Grayscale’s Bitcoin Selling Activities
On the other hand, Arkham Intelligence’s efforts in searching for and disclosing wallet addresses are evidence of the increasing demand for transparency and accountability in the crypto market.
On January 11th, U.S. authorities officially approved 11 registrations for spot Bitcoin ETFs from over a dozen U.S. asset management firms, after years of intense opposition. Despite the warm reception of spot Bitcoin ETFs, the trading volume of these products on the third day dropped by half compared to the first two days.
Currently, Bitcoin is also facing pressure from the stock conversion of Grayscale’s GBTC, leading to many altcoins sinking into the red. The CEO of Grayscale predicts that in the future, there will only be 2-3 active spot Bitcoin ETFs due to the fee war among Wall Street giants.
