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Arkham Applies Labels to About $3 Billion in Crypto Fund Assets

CoinShares’ BITC was valued at about $1.52 billion; Grayscale Solana Trust accounted for about $125.9 million.

Updated 1 min read
A passerby checks a phone outside office towers in Lower Manhattan, New York. / EconoTimes.ai
A passerby checks a phone outside office towers in Lower Manhattan, New York. / EconoTimes.ai

Arkham Intelligence’s Nov. 9 update labeled roughly $3 billion in crypto fund assets, while four disclosed holdings accounted for about $2.42 billion of that value.

CoinShares’ BITC, a physically backed Bitcoin (BTC) exchange-traded product (ETP), was valued at about $1.52 billion. VanEck’s VBTC was listed at $507.2 million, and Invesco’s BTIC at $266.6 million; both are Bitcoin exchange-traded notes (ETNs).

Grayscale Solana Trust represented about $125.9 million. The four disclosed holdings together came to roughly $2.42 billion, and the update also covered other crypto fund assets.

The change classified fund-related assets in Arkham’s records. No transactions by the named products were reported.

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