Arkham Adds Labels for About $3 Billion in Crypto Fund Assets

Arkham added labels under existing entities for about $3 billion in Bitcoin and other crypto fund assets on Nov. 9, including one Bitcoin ETP, two Bitcoin ETNs and Grayscale Solana Trust.

CoinShares' BITC is a physically backed Bitcoin ETP. VanEck's VBTC and Invesco's BTIC are Bitcoin ETNs. The labeled assets included about $1.52 billion tied to BITC, $507.2 million for VBTC and $266.6 million for BTIC.

Grayscale Solana Trust accounted for about $125.9 million. The four named products accounted for about $2.42 billion of the roughly $3 billion total; the update also covered other crypto assets.