Key Takeaways
- • Arkham Intelligence announced on November 9, 2026 that it had identified and labeled approximately $3 billion in cryptocurrency assets held by major investment funds, according to the primary report.
- • The largest newly labeled position is CoinShares' BITC Physical Bitcoin ETP at about $1.52 billion, followed by VanEck's VBTC Bitcoin ETN at roughly $507.2 million and Invesco's BTIC Physical Bitcoin ETN at about $266.6 million.
- • CoinShares, VanEck and Invesco together account for more than $2.29 billion of the identified positions.
- • The disclosure reflects newly added blockchain labels on existing holdings, not $3 billion in fresh purchases or inflows.
- • The labels also cover Grayscale's Solana Trust (about $125.9 million), Morgan Stanley and other Solana and Ethereum products, extending visibility beyond Bitcoin.
Summary
Arkham Intelligence, a blockchain analytics company, said on November 9 through a post on X that its platform had added labels covering approximately $3 billion in Bitcoin and other cryptocurrency fund holdings. The company said the newly labeled addresses can now be monitored more easily, linking blockchain wallets to recognizable financial institutions.
The largest newly labeled position is CoinShares' BITC Physical Bitcoin ETP, with approximately $1.52 billion in identified assets. VanEck's VBTC Bitcoin ETN followed with around $507.2 million, and Invesco's BTIC Physical Bitcoin ETN accounted for approximately $266.6 million. Together, CoinShares, VanEck and Invesco represent more than $2.29 billion of the positions identified. Other Bitcoin products named include Virtune's Bitcoin ETP and Deutsche Asset Management's Bitcoin ETC.
The update also extends beyond Bitcoin. Arkham highlighted $125.9 million associated with Grayscale's Solana Trust. Morgan Stanley's Solana ETF accounted for approximately $44.1 million and its Ethereum ETF for around $14.48 million. Franklin Templeton's and Invesco's Solana ETFs were also among the newly labeled holdings. The announcement follows Arkham's earlier identification of Grayscale's Ethereum holdings, as previously reported by Bitcoinist.
The primary report stresses that the disclosure does not represent new cryptocurrency purchases or inflows. The assets were already associated with these investment products; what has changed is the ability to attribute and monitor them. The report also notes that it does not indicate whether institutions are preparing to buy or sell. Blockchain labels depend on the accuracy of address attribution, and wallet transfers do not necessarily reflect investment purchases or sales.
Analysts said greater transparency could make it easier to track transfers, balance changes and movements involving exchanges or custodians, and to spot developments before official disclosures are published. The report characterizes the development as less about immediate price movements and more about the growing visibility of crypto holdings across the financial industry.
The largest newly labeled position is CoinShares' BITC Physical Bitcoin ETP, with approximately $1.52 billion in identified assets. VanEck's VBTC Bitcoin ETN followed with around $507.2 million, and Invesco's BTIC Physical Bitcoin ETN accounted for approximately $266.6 million. Together, CoinShares, VanEck and Invesco represent more than $2.29 billion of the positions identified. Other Bitcoin products named include Virtune's Bitcoin ETP and Deutsche Asset Management's Bitcoin ETC.
The update also extends beyond Bitcoin. Arkham highlighted $125.9 million associated with Grayscale's Solana Trust. Morgan Stanley's Solana ETF accounted for approximately $44.1 million and its Ethereum ETF for around $14.48 million. Franklin Templeton's and Invesco's Solana ETFs were also among the newly labeled holdings. The announcement follows Arkham's earlier identification of Grayscale's Ethereum holdings, as previously reported by Bitcoinist.
The primary report stresses that the disclosure does not represent new cryptocurrency purchases or inflows. The assets were already associated with these investment products; what has changed is the ability to attribute and monitor them. The report also notes that it does not indicate whether institutions are preparing to buy or sell. Blockchain labels depend on the accuracy of address attribution, and wallet transfers do not necessarily reflect investment purchases or sales.
Analysts said greater transparency could make it easier to track transfers, balance changes and movements involving exchanges or custodians, and to spot developments before official disclosures are published. The report characterizes the development as less about immediate price movements and more about the growing visibility of crypto holdings across the financial industry.
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