Blockchain Research Platform Arkham Intelligence Reveals Bitcoin ETF Addresses
A blockchain research platform called Arkham Intelligence has recently disclosed the on-chain addresses of several Bitcoin Spot Exchange-Traded Funds (ETFs). This move aims to promote transparency within the crypto community. Marcel Knobloch, also known as Collin Brown, shared this information on the social media platform X (formerly Twitter). According to Brown, Arkham provided on-chain locations for four different Bitcoin ETFs, including Blackrock, Fidelity, Bitwise, and Franklin Templeton.
Details of Bitcoin Holdings
Brown’s post on X included a breakdown of each company’s current Bitcoin holdings and their corresponding value. He also included a screenshot and links from Arkham for further information. According to Brown’s findings, the IBIT iShares Bitcoin Trust holds approximately 28,620 BTC worth $1.16 billion. The Fidelity Wise Origin Fund has about 29,910 BTC valued at approximately $1.21 billion. The BITB Bitwise Bitcoin ETF holds 10,150 BTC worth around $422.68 million, while the EZBC Franklin Bitcoin ETF holds 1,160 BTC valued at about $47.09 million.
Increased Transparency in the Crypto Space
This disclosure by Arkham Intelligence is significant for the entire crypto industry as it provides an overview of these institutional firms’ on-chain operations. Traditionally, these financial institutions have been secretive about their market influence and holdings. With these disclosures, individual investors and market watchers can gain a better understanding of institutional crypto movements and their impact on the market.
Promoting Transparency and Accountability
Arkham’s actions indicate a shift towards increased transparency and accountability in the crypto investment industry. As the sector continues to develop, there is a growing need for openness to enable more informed and data-driven investment decisions. This move by Arkham sets a precedent for other players in the industry to follow.
The Importance of On-Chain BTC ETF Address Disclosure
The recent revelation of Bitcoin ETF addresses by Arkham has garnered attention within the crypto community. Many enthusiasts have been urging ETF providers to disclose the addresses supporting their products to ensure the security of BTC. Some industry experts even suggest that revealing these addresses will eventually become necessary to increase competition among ETF providers. However, concerns about security have been raised by some executives regarding the disclosure of on-chain addresses.
Source: Arkham Intelligence Twitter
Hot Take: Arkham Intelligence Unveils Bitcoin ETF Addresses to Foster Transparency in Crypto Investments
Blockchain research platform Arkham Intelligence has taken a significant step towards promoting transparency and accountability in the crypto investment industry. By disclosing the on-chain addresses of several Bitcoin Spot Exchange-Traded Funds (ETFs), including Blackrock, Fidelity, Bitwise, and Franklin Templeton, Arkham provides valuable insights into institutional firms’ operations. This move allows individual investors and market watchers to gain a better understanding of market influence and holdings that were previously shrouded in secrecy. As the crypto sector continues to evolve, such transparency becomes crucial for making informed investment choices based on data-driven analysis. Arkham’s actions set an example for increased openness in the industry, signaling a positive shift towards greater transparency and accountability.
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