Bitcoin Forum

Bitcoin => Legal => Topic started by: zasad@ on January 24, 2024, 02:59:23 PM



Title: Arkham found BTC wallets for issuers of spot Bitcoin ETFs
Post by: zasad@ on January 24, 2024, 02:59:23 PM
https://twitter.com/ArkhamIntel/status/1749487643425968438
"Breaking: ETF addresses for Blackrock, Fidelity, Bitwise, and Franklin Templeton are now on Arkham.

Arkham has identified the on-chain location of four of the Bitcoin ETFs. We are the first to publicly identify these addresses.

Links and holdings breakdown below:"
https://www.talkimg.com/images/2024/01/24/kPxvH.md.jpeg (https://www.talkimg.com/image/kPxvH)


"IBIT iShares Bitcoin Trust
Holdings: 28.62K BTC
Value: $1.16B
Entity Link:
https://platform.arkhamintelligence.com/explorer/entity/blackrock

FBTC Fidelity Wise Origin Bitcoin Fund
Holdings: 29.91K BTC
Value: $1.21B
Entity Link:
https://platform.arkhamintelligence.com/explorer/entity/fidelity

BITB Bitwise Bitcoin ETF
Holdings: 10.15K BTC
Value: $422.68M
Entity Link:
https://platform.arkhamintelligence.com/explorer/entity/bitwise

EZBC Franklin Bitcoin ETF
Holdings: 1.16K BTC
Value: $47.09M
Entity Link:
https://platform.arkhamintelligence.com/explorer/entity/franklin-templeton

Bitcoin ETF Dashboard:
https://platform.arkhamintelligence.com/dashboard/19ef4fab-b7aa-4b25-bd6b-dce366042aa8"


Title: Re: Arkham found BTC wallets for issuers of spot Bitcoin ETFs
Post by: zasad@ on January 26, 2024, 07:27:20 AM
https://twitter.com/BitwiseInvest/status/1750224060620111912
"Announcement: Today the Bitwise Bitcoin ETF (BITB) becomes the first U.S. bitcoin ETF to publish the bitcoin addresses of its holdings.

Now anyone can verify BITB's holdings and flows directly on the blockchain.

Onchain transparency is core to Bitcoin's ethos. We're proud to walk the walk with BITB."

https://mempool.space/address/1CKVszDdUp4ymGceAZpGzYEFr4RPNHYqaM
https://www.forbes.com/sites/digital-assets/2024/01/25/bitwise-become-first-to-disclose-bitcoin-etf-holdings-address/
Bitwise Become First To Disclose Bitcoin ETF Holdings Address


Title: Re: Arkham found BTC wallets for issuers of spot Bitcoin ETFs
Post by: Fiatless on January 26, 2024, 04:33:42 PM
https://twitter.com/BitwiseInvest/status/1750224060620111912
"Announcement: Today the Bitwise Bitcoin ETF (BITB) becomes the first U.S. bitcoin ETF to publish the bitcoin addresses of its holdings.

Now anyone can verify BITB's holdings and flows directly on the blockchain.

Onchain transparency is core to Bitcoin's ethos. We're proud to walk the walk with BITB."

https://mempool.space/address/1CKVszDdUp4ymGceAZpGzYEFr4RPNHYqaM
https://www.forbes.com/sites/digital-assets/2024/01/25/bitwise-become-first-to-disclose-bitcoin-etf-holdings-address/
Bitwise Become First To Disclose Bitcoin ETF Holdings Address
Bitwise has shown a worthy example for other Bitcoin asset managers to follow. Publishing its wallet address is aimed at showing transparency which could boost customer confidence in the company. The stiff competition between the other ten spot Bitcoin ETF providers might have also necessitated this publicity by Bitwise. There are many big players such as BlackRock, Grayscale, etc, but investors might be attracted to asset managers that have made their wallets public. We might see other providers join Bitwise and also seek other means to gain the trust of prospective investors.


Title: Re: Arkham found BTC wallets for issuers of spot Bitcoin ETFs
Post by: zasad@ on January 27, 2024, 10:18:58 AM
https://twitter.com/BitwiseInvest/status/1750224060620111912
"Announcement: Today the Bitwise Bitcoin ETF (BITB) becomes the first U.S. bitcoin ETF to publish the bitcoin addresses of its holdings.

Now anyone can verify BITB's holdings and flows directly on the blockchain.

Onchain transparency is core to Bitcoin's ethos. We're proud to walk the walk with BITB."

https://mempool.space/address/1CKVszDdUp4ymGceAZpGzYEFr4RPNHYqaM
https://www.forbes.com/sites/digital-assets/2024/01/25/bitwise-become-first-to-disclose-bitcoin-etf-holdings-address/
Bitwise Become First To Disclose Bitcoin ETF Holdings Address
Bitwise has shown a worthy example for other Bitcoin asset managers to follow. Publishing its wallet address is aimed at showing transparency which could boost customer confidence in the company. The stiff competition between the other ten spot Bitcoin ETF providers might have also necessitated this publicity by Bitwise. There are many big players such as BlackRock, Grayscale, etc, but investors might be attracted to asset managers that have made their wallets public. We might see other providers join Bitwise and also seek other means to gain the trust of prospective investors.
In fact, there is no point in hiding this information, because it is public :) The wallet address is not public, but everything that is transmitted in tax or other reports will soon become known or companies like Arkham will find these wallets.
But the speed of reaction to events from the company's managers is worthy of respect.


Title: Re: Arkham found BTC wallets for issuers of spot Bitcoin ETFs
Post by: hugeblack on January 29, 2024, 08:02:19 AM
There are many big players such as BlackRock, Grayscale, etc, but investors might be attracted to asset managers that have made their wallets public. We might see other providers join Bitwise and also seek other means to gain the trust of prospective investors.
They announce the data publicly, and it will not be difficult to track the flows, especially since they are in the thousands of BTC and the data results are updated periodically, with a low possibility that these funds will commit fraud, especially since everything is subject to taxes and auditing.
The only advantage of showing the address is that it only helps in quickly detecting scam if it occurs.


Title: Re: Arkham found BTC wallets for issuers of spot Bitcoin ETFs
Post by: zasad@ on January 31, 2024, 09:17:34 AM
There are many big players such as BlackRock, Grayscale, etc, but investors might be attracted to asset managers that have made their wallets public. We might see other providers join Bitwise and also seek other means to gain the trust of prospective investors.
They announce the data publicly, and it will not be difficult to track the flows, especially since they are in the thousands of BTC and the data results are updated periodically, with a low possibility that these funds will commit fraud, especially since everything is subject to taxes and auditing.
The only advantage of showing the address is that it only helps in quickly detecting scam if it occurs.
This is the American market and large public companies operate in these markets. Such fraud is impossible because the scammers will have nowhere to escape. Bitcoins are stored in specialized wallets that cannot be managed like your own hardware wallet.