Arkham Unveils Bitcoin ETF Addresses, Lifting Lid on Institutional Holdings

Arkam banner written ETF

Blockchain analytics firm Arkham Intelligence has identified the on-chain addresses associated with Bitcoin exchange-traded funds (ETFs) managed by financial giants BlackRock, Fidelity, Bitwise, and Franklin Templeton. This groundbreaking discovery offers unprecedented transparency into the institutional adoption of Bitcoin and sheds light on the specific holdings of these major players.

Institutional Spot ETF Bitcoin Holdings

According to Arkham’s findings:

BlackRock: The world’s largest asset manager currently holds 33.431K Bitcoin (BTC), valued at approximately $1.32 billion, through its ETF.

Fidelity: The financial services giant boasts 29.907K BTC, worth an estimated $1.18 billion, within its Bitcoin ETF product.

Bitwise: The Chicago-based investment firm holds 10.152K BTC, valued at around $401 million, in its Bitcoin ETF.

Franklin Templeton: The global investment management firm’s Bitcoin ETF currently holds 1.16K BTC, worth approximately $45.9 million.

A Step Towards Transparency

This revelation marks a significant step toward greater transparency in the Bitcoin ETF space. Prior to this, the specific on-chain locations of these institutional holdings remained shrouded in obscurity. By pinpointing the relevant addresses, Arkham has empowered investors and analysts to track the movements and activity of these major Bitcoin ETF players.

The data also reveals the varying degrees of exposure these institutions have to Bitcoin. BlackRock, unsurprisingly, holds the largest amount at over 33,000 BTC, reflecting its massive asset base and potential bullish sentiment towards the digital asset. Fidelity follows closely behind, further solidifying the presence of established financial institutions in the Bitcoin ETF landscape.

Institutional Bitcoin Holdings Could Be More

The unveiling of these on-chain addresses has the potential to influence market dynamics. Increased transparency can attract further institutional investors seeking exposure to Bitcoin through regulated vehicles like ETFs. Additionally, tracking the activity of these large holders can provide valuable insights into potential price movements and market sentiment.

While Arkham’s discovery offers invaluable transparency, it’s crucial to remember that it only reveals the holdings within these specific ETFs. The broader institutional ownership of Bitcoin could be significantly larger.

Author: Jinka

Jinka is a self-trained crypto journalist, passionate about happenings in the industry.