Blockchain research platform Arkham Intelligence has revealed the on-chain addresses of several bitcoin spot exchange-traded funds (ETFs), in the pursuit of transparency within the crypto community.
bitcoin ETF Addresses Revealed by Arkham
Marcel Knobloch, also known as Collin Brown, an XRP enthusiast, shared the information with the community on the social media platform X (formerly Twitter). According to Brown, the blockchain analytics firm launched on-chain placements for four different bitcoin ETFs, such as Black Rock, Fidelity, Bit by bitand Franklin Templeton.
In the X post, Brown highlighted a breakdown of each company's current bitcoin holdings and value. His post was also accompanied by a screenshot and Arkham links for more details.
According to Brown, the IBIT iShares bitcoin Trust holds around 28,620 btc, which is estimated to be worth $1.16 billion. He also claimed that the Fidelity Wise Origin Fund has around 29,910 btc holdings, valued at approximately $1.21 billion.
It identified the BITB Bitwise bitcoin ETF with a holding of 10,150 btc, valued at approximately $422.68 million. Meanwhile, the EZBC Franklin bitcoin ETF holds 1,160 btc, which is worth around $47.09 million.
The latest revelations come a few months after Arkham claimed in September last year to have the addresses of the Grayscale bitcoin Trust (GBTC) identified. GBTC is the largest holder of btc among ETF issuers, with 558,280 btc, valued at $29 billion.
This information from Arkham Intelligence is important for the entire crypto space. This is because it provides a clear overview of the on-chain operations of these institutional companies for both individual investors and market observers.
The true market influence and holdings of these financial companies have always been difficult to determine due to their traditional secrecy. With this disclosure, there will be a deep knowledge of institutional crypto movements and their impact on the market.
With its action, Arkham has signaled a shift in the cryptocurrency industry toward greater transparency and accountability. The need for such openness is expected to increase as the sector develops, creating a path for more informed and data-driven investment options.
Need for More On-Chain btc ETF Address Disclosures
The recent development tends to put Arkham in the spotlight as the company becomes the “first to publicly identify these addresses.” The revelation has sparked excitement within the crypto community, with members expressing their gratitude to the platform for its actions.
Many cryptocurrency enthusiasts have been urging bitcoin ETF Providers must disclose the addresses supporting their products to ensure the security of btc. Some industry observers even proposed that, to increase competition, ETF providers will eventually have to disclose those addresses.
However, some executives have raised security concerns about the disclosure of the bitcoin ETF's on-chain addresses.
Featured image from iStock, chart from Tradingview.com
