Arkham 'hacked' wallets containing Bitcoin from 4 spot ETF funds.

Bwtx...2h6b
24 Jan 2024
31

In the ongoing 'wallet unveiling series,' Arkham Intelligence has just discovered the addresses of the Bitcoin wallets for the 4 ETF funds of major players: BlackRock, Fidelity, Bitwise, and Franklin Templeton.



On the afternoon of January 23rd, the on-chain data aggregation platform Arkham Intelligence became the first organization to disclose the 4 Bitcoin wallet addresses closely associated with the spot ETF funds of BlackRock, Fidelity, Bitwise, and Franklin Templeton





The data partially paints a picture of the current Bitcoin ETF landscape, as well as the overall scenario of Bitcoin investment distribution among the leading portfolio exchange funds.
The 4 ETF funds from BlackRock, Fidelity, Bitwise, and Franklin Templeton currently hold over 70,000 Bitcoins, equivalent to 2.84 billion USD. Specifically:

  1. IBIT iShares Bitcoin Trust holds 28,620 BTC - valued at 1.16 billion USD.
  2. FBTC Fidelity Wise Origin Bitcoin Fund holds 29,910 BTC - valued at 1.21 billion USD.
  3. BITB Bitwise Bitcoin ETF holds 10,150 BTC - valued at 422.68 million USD.
  4. EZBC Franklin Bitcoin ETF holds 1,160 BTC - valued at 47.09 million USD.




This isn't the first time the Binance-backed project has delved into exposing whale wallets towards the end of last year. Arkham had previously uncovered that Robinhood held the third-largest amount of BTC and the fifth-highest amount of ETH globally, identified the cluster of Bitcoin wallets on Coinbase matching Satoshi's holdings, and found wallets holding Grayscale's 4.8 billion USD worth of Ethereum.
On the other hand, Arkham Intelligence's efforts to search for and disclose wallet addresses serve as evidence of the increasing demand for transparency and accountability in the crypto market.
On January 11th, U.S. authorities officially approved 11 registration filings for Bitcoin spot ETFs from over a dozen U.S. asset management entities, following years of intense opposition. Despite the warm reception for Bitcoin spot ETFs, the trading volume for this product on the third day has halved compared to the initial listings.
Currently, Bitcoin is also facing pressure from the conversion of Grayscale's GBTC shares, leading to many altcoins experiencing declines. The CEO of Grayscale noted that in the future, there may only be 2-3 operational Bitcoin spot ETFs, as the management fee battle among Wall Street giants intensifies.


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