Arkham Labels 98 CoinShares Bitcoin ETP Addresses Holding 20,652 BTC

Arkham labeled 98 blockchain addresses tied to CoinShares’ Physical Bitcoin ETP, identifying wallets holding 20,652 Bitcoin (BTC) and giving the public a view of the product’s on-chain balances.

The holdings were valued at about $1.53 billion at current prices on Nov. 11. CoinShares Digital Securities Limited issues BITC, which is physically backed by Bitcoin.

One address held 15,359.46 BTC, roughly three-quarters of the total. The other 97 addresses held 5,292.54 BTC combined.

The labels make the wallets easier to identify and let users follow their balances and transactions on the public ledger. The address-level details build on Arkham’s Nov. 9 labeling of about $3 billion in crypto fund assets, which included about $1.52 billion tied to BITC.