Arkham Intelligence uncovers Grayscale as the second-largest BTC entity.

Arkham Intelligence uncovers Grayscale as the second-largest BTC entity.


Grayscale Bitcoin (BTC) Trust (GBTC) Reveals Whole lot of Cryptocurrency Holdings

You can clearly see the transaction history for each wallet associated with Grayscale Bitcoin (BTC) Trust (GBTC). Each Grayscale address is marked as part of this history.

Aside from Bitcoin, the Grayscale Bitcoin (BTC) Trust likewise holds a substantial amount of Ethereum (ETH). As of now, it has 3.03 Million Ethereum (ETH) valued at $4.9 billion.

Grayscale’s cryptocurrency holdings go beyond Bitcoin (BTC) and Ethereum (ETH). It likewise has $1.86 Million in Chainlink (LINK), 1.74 Million in Polygon (MATIC), and numerous other altcoin assets.

Based on the present exchange rates, Grayscale’s total assets amount to over $20.9 billion. Bitcoin (BTC) and Ethereum (ETH) make up the bulk of these holdings.

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Grayscale is as of now involved in a legal battle with the United States Securities and Exchange Commission (SEC) in an effort to transform their trust into an exchange-traded fund (ETF).

In a letter addressed to the SEC, Grayscale’s lawyers claimed that a court of appeals ruling supports their position, countering the Commission’s previous stance on Bitcoin (BTC) futures ETPs versus spot Bitcoin (BTC) ETPs.

In the meantime, the SEC has delayed its decision on 6 other spot Bitcoin (BTC) ETF applications until October, including those from BlackRock, Fidelity WisdomTree, Bitwise, VanEck, Invesco Galaxy, and Valkyrie.

New York-based Blockchain Analytics Firm Introduces Intel Exchange

New York-based blockchain analytics firm Arkham Intelligence has recently launched the Intel Exchange platform.

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This platform intends to empower Web 3.0 investigators and researchers by allowing them to monetize their expertise.

Arkham Intelligence has faced criticism for sharing private information about blockchain users, with some referring to it as a “snitch-to-earn” platform.

Nonetheless, the CEO of Arkham argues that their intention is to level the playing field in terms of data accessibility between larger institutions and smaller players who would otherwise lack access to such information.

In late August, Arkham Intelligence disclosed that Robinhood’s wallet contained over $2.5 Billion worth of Ethereum (ETH) (ETH).

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The platform identified Robinhood as the owner of the fifth- largest Ethereum (ETH) wallet, holding 1.5 Million Ethereum (ETH) valued at $2.54 billion.

Prior to this, Arkham had already identified Robinhood as the owner of the third- largest Bitcoin (BTC) address, which holds 118,300 Bitcoin worth $3 billion.

Hot Take: Grayscale’s Cryptocurrency Holdings and Arkham Intelligence’s Data Disclosure

Grayscale’s extensive cryptocurrency holdings highlight the company’s strong presence in the market. With assets exceeding $20.9 billion, they continue to be a major player in digital currencies, particularly Bitcoin (BTC) and Ethereum.

On the other hand, Arkham Intelligence’s Intel Exchange platform sparks controversy as it raises concerns about privacy and data disclosure. Although while the firm intends to level the playing field, the disclosure of private information about blockchain users remains a contentious issue.

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Author – Contributor at | Website

Wyatt Newson emerges as a luminary seamlessly interweaving the roles of crypto analyst, dedicated researcher, and editorial virtuoso. Within the dynamic canvas of digital currencies, Wyatt’s insights resonate like vibrant brushstrokes, capturing the attention of curious minds across diverse landscapes. His ability to untangle intricate threads of crypto intricacies harmonizes effortlessly with his editorial mastery, transmuting complexity into a compelling narrative of comprehension.

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