Grayscale Bitcoinย (BTC) Trust (GBTC) Reveals Wholeย lotย of Cryptocurrency Holdings
You can clearly see the transaction history for each wallet associated with Grayscale Bitcoinย (BTC) Trust (GBTC). Each Grayscale address is marked as part of this history.
Aside from Bitcoin, the Grayscale Bitcoinย (BTC) Trust likewise holds a substantial amount of Ethereumย (ETH). Asย ofย now, it has 3.03 Million Ethereumย (ETH) valued at $4.9 billion.
Grayscaleโs cryptocurrency holdings go beyond Bitcoinย (BTC) and Ethereumย (ETH). It likewise has $1.86 Million in Chainlink (LINK), 1.74 Million in Polygon (MATIC), and numerous other altcoin assets.
Based on theย present exchange rates, Grayscaleโs total assets amount to over $20.9 billion. Bitcoinย (BTC) and Ethereumย (ETH) make up the bulkย of these holdings.
Grayscale is asย ofย now involved in a legal battle with the Unitedย 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, Grayscaleโs lawyers claimedย that a court of appeals ruling supports their position, countering the Commissionโs previous stance on Bitcoinย (BTC) futures ETPs versus spot Bitcoinย (BTC) ETPs.
Inย theย meantime, the SEC has delayed its decision on 6 other spot Bitcoinย (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.
This platform intendsย to empower Webย 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 โsnitch-to-earnโ 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 Robinhoodโs wallet contained over $2.5 Billion worth of Ethereumย (ETH) (ETH).
The platform identified Robinhood as the owner of the fifth- largest Ethereumย (ETH) wallet, holding 1.5 Million Ethereumย (ETH) valued at $2.54 billion.
Prior to this, Arkham had already identified Robinhood as the owner of the third- largest Bitcoinย (BTC) address, which holds 118,300 Bitcoin worth $3 billion.
Hot Take: Grayscaleโs Cryptocurrency Holdings and Arkham Intelligenceโs Data Disclosure
Grayscaleโs extensive cryptocurrency holdings highlight the companyโs strong presence in the market. With assets exceeding $20.9 billion, they continue to be a major player in digitalย currencies, particularly Bitcoinย (BTC) and Ethereum.
On the other hand, Arkham Intelligenceโs Intel Exchange platform sparks controversy as it raises concerns about privacy and data disclosure. Althoughย while the firm intendsย to level the playing field, the disclosure of private information about blockchain users remains a contentious issue.
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