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The recent breakthrough by Arkham Intelligence in identifying the on-chain addresses of major $BTC ETFs, including BlackRock, Fidelity, Bitwise, and Franklin Templeton, marks a significant stride in blockchain transparency. As The Crypto Sage for Binance Square, we delve into what on-chain data entails, who Arkham Intelligence is, and how you, as a crypto enthusiast, can track these addresses.
What is On-Chain Data?
On-chain data refers to all transactions and activities recorded on a blockchain, which are publicly accessible and verifiable. This data includes transaction histories, wallet addresses, and more, providing a transparent and immutable record of all network activities.
Who is Arkham Intelligence?
Arkham Intelligence is a blockchain analytics firm renowned for its proficiency in scrutinizing blockchain addresses. It provides a platform to investigate transactions, uncover entities behind them, and track fund movements, playing a pivotal role in demystifying the anonymity of blockchain transactions.
Arkham's Breakthrough in ETF Address Identification
Arkham Intelligence recently identified the on-chain locations of Bitcoin ETFs from BlackRock, Bitwise, Fidelity, and Franklin Templeton. This revelation enhances transparency, allowing stakeholders to verify the actual Bitcoin holdings backing these ETFs.
The Impact
Transparency: Investors can now verify the Bitcoin holdings of these ETFs.
Trust: Enhances trust in these financial products by providing a clear link to the actual assets.
Regulatory Compliance: Aligns with the growing demand for transparency in crypto-related financial products.
How to Track These ETF Addresses: A Beginnerâs Guide
Tracking on-chain addresses can seem daunting, but it's quite accessible even for beginners. Here's a step-by-step guide to get you started:
Step 1: Understanding Blockchain Explorers
Blockchain explorers are tools that allow you to view on-chain data. They act like search engines for blockchain transactions and addresses.
Step 2: Selecting a Blockchain Explorer
Bitcoin Blockchain Explorers:
Blockchair: User-friendly interface with extensive filtering options.
Blockchain.com Explorer: Offers a simple and straightforward way to view Bitcoin transactions.
Step 3: Tracking an Address
Go to the Explorer: Open your chosen blockchain explorer.
Enter the Address: Type the ETFâs Bitcoin address into the search bar.
Analyze the Data: You'll see transaction histories, the total balance, and other relevant data.
Step 4: Interpreting the Data
Understanding what you see is crucial. Look for:
Total Balance: This shows the current Bitcoin holdings of the ETF.
Transaction History: Displays all incoming and outgoing transactions.
Here each ETFs addresses located by Arkham Intelligence:
BlackRock - IBIT iShares Bitcoin Trust:
Holdings: 28.62K BTC
Value: $1.16 Billion
Entity Link: https://platform.arkhamintelligence.com/explorer/entity/blackrock
Fidelity - FBTC Fidelity Wise Origin Bitcoin Fund:
Holdings: 29.91K BTC
Value: $1.21 Billion
Entity Link: https://platform.arkhamintelligence.com/explorer/entity/fidelity
Bitwise - BITB Bitwise Bitcoin ETF:
Holdings: 10.15K BTC
Value: $422.68 Million
Entity Link: https://platform.arkhamintelligence.com/explorer/entity/bitwise
Franklin Templeton - EZBC Franklin Bitcoin ETF:
Holdings: 1.16K BTC
Entity Link: https://platform.arkhamintelligence.com/explorer/entity/franklin-templetond
Tips for Effective Tracking
Regular Checks: Bookmark the addresses and check them regularly for updates.
Compare Multiple Sources: Use different explorers for cross-verification.
Stay Informed: Follow news about the ETFs for context on the transactions.
Conclusion
The identification of on-chain addresses for major Bitcoin ETFs by Arkham Intelligence is a testament to the evolving transparency in the crypto space. By learning how to track these addresses, you empower yourself with knowledge and insight into the operations of these significant financial products.
đĄ Disclaimer: This article is for educational purposes only and is not financial advice. Always conduct your own research and consult a financial advisor before making investment decisions.
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References:
Kharif, O. (2024, January 22). Spot Bitcoin ETFsâ on-chain addresses found by Arkham. Cointelegraph. https://cointelegraph.com/news/spot-bitcoin-etfs-on-chain-addresses-found-by-arkham
TradingView News. (2024, January 22). Spot Bitcoin ETFsâ on-chain addresses found by Arkham. TradingView. https://www.tradingview.com/news
Grafa. (n.d.). Arkham Intelligence discovers Bitcoin addresses for US spot Bitcoin ETFs. Grafa. Retrieved January 23, 2024, from https://grafa.com/news/arkham-intelligence-discovers-bitcoin-addresses-for-us-spot-bitcoin-etfs-173051
Reynolds, S. (2023, April 17). Arkham Intelligence brings transparency to blockchain addresses. CoinDesk. https://www.coindesk.com/markets/2023/04/17/arkham-intelligence-brings-transparency-to-blockchain-addresses
Kharif, O. (2023, September 28). SEC delays spot Bitcoin ETF decision for BlackRock, Invesco and Bitwise. Cointelegraph. https://cointelegraph.com/news/sec-delays-spot-bitcoin-etf-decision-for-blackrock-invesco-and-bitwise
Benzinga. (2024). BlackRock and Ark slash fees on Bitcoin ETFs: A race to win investors. Yahoo Finance. https://finance.yahoo.com/news/blackrock-ark-slash-fees-bitcoin-etfs-race-win-050000775.html
Bitcoin.com News. (n.d.). SEC meets with Blackrock, Fidelity, Franklin Templeton, and Grayscale to discuss their spot Bitcoin ETF applications. Bitcoin News. Retrieved January 23, 2024, from https://news.bitcoin.com/sec-meets-with-blackrock-fidelity-franklin-templeton-and-grayscale-to-discuss-their-spot-bitcoin-etf-applications
