Arkham Labels CoinShares Bitcoin ETP Wallets Holding 20,652 BTC Valued at $1.53 Billion

Blockchain analytics platform Arkham Intelligence has publicly identified and labeled 98 on-chain wallet addresses belonging to CoinShares' Physical Bitcoin ETP (BITC). The labeled addresses collectively hold 20,652 BTC, valued at approximately $1.53 billion at prevailing market prices. Custody data shows significant concentration, with a single dominant address holding 15,359.46 BTC—worth roughly $1.13 billion and accounting for about 75% of total reserves—which first received funds in March 2026. The remaining 5,292.54 BTC is distributed across 97 addresses. The mapping forms part of Arkham's broader November 2026 initiative indexing roughly $3 billion in institutional crypto holdings.