- Arkham Intelligence has publicized the on-chain addresses for Bitcoin Exchange-Traded Funds (ETFs) managed by BlackRock, Fidelity, Bitwise, and Franklin Templeton.
- The disclosure includes significant holdings, such as the IBIT iShares Bitcoin Trust’s 28.62K BTC (valued at $1.16B) and the FBTC Fidelity Wise Origin Bitcoin Fund’s 29.91K BTC (valued at $1.21B).
In an unprecedented move, Arkham Intelligence, a leader in blockchain analytics, has publicly disclosed the on-chain addresses of several major Bitcoin ETFs. This development marks a significant milestone in the journey towards greater transparency in the cryptocurrency sector. Among the disclosed entities are industry giants such as BlackRock, Fidelity, Bitwise, and Franklin Templeton.
BREAKING: #Arkham has published the #BitcoinETF on-chain locations/ adresses for #BlackRock, #Fidelity, #Bitwise, and #FranklinTempleton.
IBIT iShares Bitcoin Trust
Holdings: 28.62K #BTC Value: $1.16B
Entity Link: https://t.co/qkWwcBEEafFBTC Fidelity Wise Origin Bitcoin… pic.twitter.com/ISotB6XyBn
— Marcel Knobloch aka Collin Brown (@CollinBrownXRP) January 23, 2024
The Essence of Transparency in Crypto Investments
This revelation is pivotal in understanding the landscape of institutional investment in cryptocurrency. For the first time, individual investors and analysts can directly observe the on-chain movements and holdings of these institutional giants. The disclosed addresses include the IBIT iShares Bitcoin Trust, holding 28.62K BTC with a value of approximately $1.16 billion, and the FBTC Fidelity Wise Origin Bitcoin Fund, with 29.91K BTC valued at around $1.21 billion. Smaller holdings like the BITB Bitwise Bitcoin ETF and the EZBC Franklin Bitcoin ETF, holding 10.15K BTC and 1.16K BTC respectively, are also part of this disclosure.
IBIT iShares Bitcoin Trust
Holdings: 28.62K BTC
Value: $1.16B
Entity Link:https://t.co/e64glDMXxXFBTC Fidelity Wise Origin Bitcoin Fund
Holdings: 29.91K BTC
Value: $1.21B
Entity Link:https://t.co/gxugCID2whBITB Bitwise Bitcoin ETF
Holdings: 10.15K BTC
Value: $422.68M
Entity…— Arkham (@ArkhamIntel) January 22, 2024
Arkham’s initiative is a breakthrough in deducing the actual market influence of these institutional players. Traditionally, the opacity of cryptocurrency holdings by large investment firms has posed a challenge for market analysis. By unmasking these on-chain locations, Arkham has provided a clearer picture of institutional participation in the Bitcoin market. This transparency is not just a boon for analysts but also for individual investors who seek to understand the trends and movements within the crypto market more deeply.
The significance of this move cannot be overstated in an industry where information is power. It sheds light on how major financial entities are positioning themselves within the crypto space. This kind of openness is a step towards demystifying the actions of large institutional investors in the cryptocurrency world, which has long been shrouded in secrecy.
Arkham’s revelation is more than just a factual disclosure—it’s a statement about the future of cryptocurrency investment and the growing demand for transparency in a traditionally opaque sector. Meanwhile, Bitcoin is hovering around the important $40,000 landmark.
In the last 24 hours, Bitcoin’s price has declined by 2.57% to $39,980. Experts expect a continuing correction, as Grayscale has sent approximately $900,000,000 in Bitcoin to Coinbase and is likely preparing to sell their holdings.
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