Arkham Identifies Four Spot Bitcoin ETFs and Their Holdings


On January 23, Arkham, a firm specializing in onchain intelligence, made a significant announcement. They revealed the identification of four lists of connected addresses that are linked to four new spot bitcoin exchange-traded funds (ETFs). These addresses are reportedly associated with prominent fund managers, including Blackrock, Fidelity, Bitwise, and Franklin Templeton.

Arkham's Identification of Four ETFs

In a recent post, Arkham Intelligence disclosed that they have pinpointed four out of the ten spot bitcoin ETFs. This revelation comes after the firm had previously uncovered the holdings of GBTC. With this latest development, Arkham has successfully identified half of the ETFs in the U.S. market. "We are the first to publicly identify these addresses," Arkham proudly stated.

Addresses Linked to Blackrock and IBIT ETF

Arkham unveiled the initial list of addresses allegedly belonging to Blackrock and linked to the IBIT ETF. However, upon analysis, it was discovered that these addresses contain 39,925 BTC, which is less than the 44,004 BTC reported by IBIT. Further investigation revealed that IBIT's funds are distributed over multiple addresses, with each address holding a maximum of 1,200 BTC.

Franklin Templeton's EZBC ETF

Arkham's investigation also uncovered the holdings of Franklin Templeton's EZBC ETF. The onchain holdings of this ETF align with the asset manager's reported figures, ensuring transparency and accuracy in their operations.

Fidelity's Wise Origin Spot Bitcoin ETF

Fidelity's Wise Origin spot bitcoin ETF, FBTC, has also been subjected to Arkham's scrutiny. Their investigation revealed that FBTC possesses 34,127 BTC, which is consistent with Fidelity's latest update as of January 23, 2024. It is worth noting that Fidelity manages its bitcoin reserves using its own custody services, unlike the other ETFs mentioned.

Bitwise's BITB Fund

Arkham's investigation extended to Bitwise's BITB fund, where they identified wallets holding 11,188 BTC. Bitwise also manages additional crypto assets for the Bitwise 10 Crypto Index Fund, known as BITW.

Coinbase Custody and Market Transparency

Coinbase Custody oversees the assets of all the mentioned exchange-traded funds, except for Fidelity's. Fidelity utilizes its own custody services for managing its bitcoin reserves. It is interesting to note that Coinbase frequently emerges as the primary counterparty in transactions involving the other three ETFs. The availability of onchain data regarding these new funds significantly enhances market transparency.

The Importance of Transparency

Transparency plays a vital role in fostering trust among investors and enhancing decision-making. By providing clear insights into fund operations and holdings, it strengthens the overall integrity and stability of the cryptocurrency market. This transparency is key to attracting more informed participation and investment in the burgeoning crypto economy. In the wake of FTX's collapse, crypto exchanges holding significant balances have started disclosing proof-of-reserve data, aiming to enhance transparency in the sector.


Arkham's identification of four spot bitcoin ETFs and their holdings is a significant development in the cryptocurrency market. By shedding light on the onchain location of these ETFs, Arkham has provided valuable information to investors and market participants. This newfound transparency will undoubtedly contribute to the growth and maturation of the crypto industry.

What are your thoughts on Arkham's identification of four new spot bitcoin ETFs and their holdings? Share your opinions in the comments section below.

Frequently Asked Questions

Is gold buying a good retirement option?

While buying gold as an investment may seem unattractive at first glance it becomes worth the effort when you consider how much gold is consumed worldwide each year.

The best form of investing is physical bullion, which is the most widely used. You can also invest in gold in other ways. You should research all options thoroughly before making a decision on which option you prefer.

If you don't want to keep your wealth safe, buying shares in companies that extract gold and mining equipment could be a better choice. If you need cash flow from an investment, purchasing gold stocks is a good choice.

ETFs are an exchange-traded investment that allows you to gain exposure to the market for gold. You hold gold-related securities and not actual gold. These ETFs often include stocks of gold miners, precious metals refiners, and commodity trading companies.

What is a gold IRA account?

Individuals who want to invest with precious metals may use the Gold Ira accounts, which are tax-free.

You can purchase physical bullion gold coins at any point in time. You don't have to wait until retirement to start investing in gold.

Owning gold as an IRA has the advantage of allowing you to keep it forever. When you die, your gold assets won't be subjected to taxes.

Your heirs inherit your gold without paying capital gains taxes. Your gold is not part of your estate and you don't have to include it in the final estate report.

To open a Gold IRA, you'll need to first set up an Individual Retirement Account (IRA). Once you've done so, you'll be given an IRA custodian. This company acts as a middleman between you and the IRS.

Your gold IRA custodian can handle all paperwork and submit necessary forms to IRS. This includes filing annual reporting.

After you have established your gold IRA you will be able purchase gold bullion coin. Minimum deposit is $1,000 If you make more, however, you will get a higher interest rate.

You'll have to pay taxes if you take your gold out of your IRA. If you're withdrawing the entire balance, you'll owe income taxes plus a 10 percent penalty.

However, if you only take out a small percentage, you may not have to pay taxes. There are exceptions. However, there are exceptions. If you take 30% or more of your total IRA asset, you'll owe federal Income Taxes plus a 20% penalty.

You should avoid taking out more than 50% of your total IRA assets yearly. If you do, you could face severe financial consequences.

How is gold taxed within a Roth IRA

A tax assessment for an investment account will be based on the current market value, and not what you paid initially. Any gains made by you after investing $1,000 in a stock or mutual fund are subject to tax.

If you place the money in a traditional IRA, 401(k), or other retirement plan, there is no tax when you take it out. Capital gains and dividends earn you no tax. This applies only to investments made for longer than one-year.

The rules that govern these accounts differ from one state to the next. Maryland is an example of this. You must withdraw your funds within 60 calendar days of turning 59 1/2. Massachusetts allows you up to April 1st. New York is open until 70 1/2. You should plan and take distributions early enough to cover all retirement savings expenses to avoid penalties.

How do I Withdraw from an IRA with Precious Metals?

First decide if your IRA account allows you to withdraw funds. You should also ensure that you have enough money to cover any fees and penalties associated with withdrawing funds.

If you are willing to pay a penalty for early withdrawal, you should consider opening a taxable brokerage account instead of an IRA. If you choose this option, you'll also need to consider taxes owed on the amount withdrawn.

Next, figure out how much money will be taken out of your IRA. This calculation is affected by many factors, such as the age at which you withdraw the money, the amount of time the account has been owned, and whether your plans to continue contributing to your retirement fund.

Once you have determined the percentage of your total savings that you would like to convert to cash, you can then decide which type of IRA to use. Traditional IRAs allow you to withdraw funds tax-free when you turn 59 1/2 while Roth IRAs charge income taxes upfront but let you access those earnings later without paying additional taxes.

Once these calculations have been completed you will need to open an account with a brokerage. A majority of brokers offer free signup bonuses, as well as other promotions, to get people to open accounts. However, a debit card is better than a card. This will save you unnecessary fees.

You will need a safe place to store your coins when you are ready to withdraw from your precious metal IRA. Some storage facilities will take bullion bars while others require you only to purchase individual coins. Before you choose one, weigh the pros and cons.

Bullion bars require less space, as they don't contain individual coins. However, you'll need to count every coin individually. You can track their value by keeping individual coins.

Some people prefer to keep their coins in a vault. Some people prefer to store their coins safely in a vault. Regardless of the method you prefer, ensure that your bullion is safe so that you can continue to enjoy its benefits for many years.

Can I buy gold with my self-directed IRA?

Your self-directed IRA can be used to purchase gold, but first you need to open an account with a brokerage firm such as TD Ameritrade. You can also transfer funds from another retirement account if you already have one.

The IRS allows individuals contributing up to $5.500 each ($6,500 if married, filing jointly) into a traditional IRA. Individuals may contribute up to $1,000 ($2,000 if married, filing jointly) directly into a Roth IRA.

You might want to purchase physical bullion, rather than futures contracts if you are going to invest in gold. Futures contracts, which are financial instruments based upon the price of gold, are financial instruments. You can speculate on future prices, but not own the metal. But physical bullion refers to real gold and silver bars you can carry in your hand.

How much are gold IRA fees?

The Individual Retirement Account (IRA), fee is $6 per monthly. This fee includes account maintenance fees as well as any investment costs related to your selected investments.

Diversifying your portfolio may require you to pay additional fees. These fees will vary depending upon the type of IRA chosen. Some companies offer free check accounts, but charge monthly fee for IRA accounts.

In addition, most providers charge annual management fees. These fees vary from 0% to 11%. The average rate is.25% annually. These rates are usually waived if you use a broker such as TD Ameritrade.


  • Indeed, several financial advisers interviewed for this article suggest you invest 5 to 15 percent of your portfolio in gold, just in case. (
  • If you take distributions before hitting 59.5, you'll owe a 10% penalty on the amount withdrawn. (
  • This is a 15% margin that has shown no stable direction of growth but fluctuates seemingly at random. (
  • If you accidentally make an improper transaction, the IRS will disallow it and count it as a withdrawal, so you would owe income tax on the item's value and, if you are younger than 59 ½, an additional 10% early withdrawal penalty. (
  • Instead, the economy improved, stocks rebounded, and gold plunged, losing 28 percent of its value in 2013. (

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The History of Gold as an Asset

From the ancient days to the early 20th Century, gold was a common currency. It was accepted worldwide and became popular due to its durability, purity, divisibility, uniformity, scarcity, and beauty. Due to its value, it was also internationally traded. However, since there were no international standards for measuring gold at this point, different weights and measures existed worldwide. For example, one pound sterling in England equals 24 carats; one livre tournois equals 25 carats; one mark equals 28 carats; and so on.

In the 1860s the United States began issuing American currency made up 90% copper (10% zinc) and 0.942 gold (0.942 pure). This led to a decline in demand for foreign currencies, which caused their price to increase. This was when the United States started minting large quantities of gold coins. The result? Gold prices began to fall. Because the U.S. government had too much money coming into circulation, they needed to find a way to pay off some debt. They decided to return some of the gold they had left to Europe.

Most European countries distrusted the U.S. Dollar and began to accept gold as payment. Many European countries began to use paper money and stopped accepting gold as payment after World War I. The price of gold rose significantly over the years. Even though gold's price fluctuates, it is still one of the most secure investments you could make.


By: Jamie Redman
Title: Arkham Identifies Four Spot Bitcoin ETFs and Their Holdings
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Published Date: Wed, 24 Jan 2024 15:30:25 +0000

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