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Arkham Intelligence recently tracked down Grayscale’s on-chain Bitcoin Trust Holdings. The digital asset manager has publicly reported balances in the past but has never revealed details about the addresses of the Trust owing to security reasons. According to the Blockchain analytics platform, Grayscale Bitcoin Trust is the second-largest BTC entity globally. It holds more than $16 billion BTC. Breaking: Arkham has identified the Grayscale Bitcoin Trust’s holdings on chain. It is the 2nd largest BTC entity globally, holding >$16B of BTC. Though Grayscale publicly reports balances, they have refused to identify the on-chain addresses of the trust. https://t.co/uEN4kNldpm pic.twitter.com/p9GfrthoKR — Arkham (@ArkhamIntel) September 6, 2023 Also Read: Crypto: Grayscale AUM Drops 12% to $22 Billion Furthermore, Arkham revealed, “Their Bitcoin Trust holdings are spread across >1750 different addresses, with each holding no more than 1000 BTC....

Grayscale Bags New Crypto Victory This Grayscale ruling marked a second landslide for the cryptocurrency industry against the markets regulator following Ripple’s victory back in July. According to some analysts led by Gautam Chhugani, the ruling “likely clears the path for a spot bitcoin ETF,” and increases the chances that the SEC might approve all the current applications from BlackRock, Fidelity, WisdomTree and others together. advertisement However, Grayscale has found itself in the never-ending contest of the Exchange Traded Products (ETP) industry over fees. The current form of the Grayscale ETF carries a 2% fee, a peg the company may find tough to sustain if it will stay competitive.  Looking at other U.S.-listed ETFs that have an average of 0.54% or other globally-listed crypto exchange-traded products with a 1.48% fee, the Grayscale product fee can be judged to be considerably high.  Michael Sonnenshein, Grayscale...