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Arkham Identifies $1.53 Billion in CoinShares ETP Bitcoin

Arkham Intelligence mapped 98 wallets linked to CoinShares’ Physical Bitcoin ETP, finding they collectively held 20,652 BTC.

Arkham Intelligence mapped 98 wallets linked to CoinShares’ Physical Bitcoin ETP, finding they collectively held 20,652 BTC. Bitcoin (BTC) is trading at ₹68,83,921 ($73,349.00), down 0.3% since this brief published. This is an original Token Times brief based on reporting by Crypto Economy, with live market data added, as of Thu, 12 Nov 2026 09:45:01 UTC.

Why it matters

The wallet mapping shows how a large Bitcoin ETP’s reserves are distributed on-chain and highlights the concentration of holdings within the identified addresses.

Key takeaways
  • Arkham linked 98 wallets to CoinShares’ Physical Bitcoin ETP
  • Identified wallets held 20,652 BTC worth about $1.53 billion
  • One address contained 15,359.46 BTC, valued near $1.13 billion
  • Bitcoin traded at $73,586, down 0.50% over 24 hours

Arkham Intelligence identified 98 on-chain addresses associated with the CoinShares Physical Bitcoin ETP, designated BITC, according to Crypto Economy. The labeled addresses held a combined 20,652 BTC, which Crypto Economy valued at approximately $1.53 billion using market prices from November 11, 2026. The reserve total is concentrated in at least one labeled address. Crypto Economy reported that a single wallet held 15,359.46 BTC, representing roughly $1.13 billion at the cited valuation. The supplied summary did not provide a complete distribution for the other identified addresses. Crypto Economy’s report is the only supplied account that gives the Arkham wallet mapping and its associated figures. ZyCrypto’s coverage instead described an interview addressing Bitcoin self-custody versus Bitcoin ETFs. Although both summaries concern Bitcoin investment products more broadly, the available ZyCrypto material does not independently verify the 98-address count, the 20,652 BTC balance or the $1.53 billion estimate.

The Arkham findings connect the ETP’s reported Bitcoin holdings with addresses visible on the public blockchain. Within the figures provided by Crypto Economy, most of the identified balance was assigned to one address, while the remaining 97 addresses collectively held 5,292.54 BTC. No figures were supplied for individual addresses outside the largest holding. Live market data place Bitcoin at $73,586, down 0.50% over 24 hours and 8.68% over seven days. Its market capitalization stood at $1.48 trillion. The total crypto market was $2.51 trillion and broadly flat, while the Fear & Greed Index registered 28, indicating a Fear reading.

The wallet data offers a snapshot of the Bitcoin associated with one ETP rather than a measure of all cryptocurrency funds or ETF reserves. Future updates to Arkham’s address labels, the balances held in those addresses or CoinShares’ reported holdings would determine whether the mapped reserve composition remains unchanged.

Market reaction since this brief Live

Since this brief published about 9 hours ago, Bitcoin (BTC) has moved from ₹69,06,164.13$73,586.00 to ₹68,83,921.30$73,349.00 — -0.32%.

$73,316$73,392$73,468$73,543$73,619 published · $73,586 now · $73,349 (-0.32%) Nov 12 00:46 UTC Nov 12 09:45 UTC
BeforeSince publishPublished · ₹69,06,164.13$73,586.00

The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.

What this means in rupee

At today's peer-to-peer rate, 1 BTC ≈ ₹7.34M (about $73,349.00), down 0.3% over 24 hours. The rupee itself trades about 6.6% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.

Live market data

Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.

#1
₹68,83,921.30$73,349.00 ▼ 0.32%
-0.32% since this brief published
7d -8.42%MCap ₹138.44TFull BTC data →
The market when this published · November 12, 2026
Total market cap₹235.64T
Bitcoin 24h-0.50%
Ethereum 24h-0.72%
BTC dominance58.9%
Fear & Greed28 · Fear

Arkham Identifies $1.53 Billion in CoinShares ETP Bitcoin — questions & answers

How much Bitcoin did Arkham link to CoinShares BITC?

Arkham linked 98 addresses to the ETP with a combined holding of 20,652 BTC, valued by Crypto Economy at about $1.53 billion as of November 11, 2026.

How much Bitcoin was held in the largest address?

The largest identified address held 15,359.46 BTC, which Crypto Economy valued at approximately $1.13 billion.

Does ZyCrypto independently confirm Arkham’s figures?

No. Its supplied summary covers a separate interview about Bitcoin self-custody versus ETFs and does not confirm the wallet count, holdings or valuation.

How much is 1 Bitcoin worth in rupee today?

About ₹7.34M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $73,349.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.

Has Bitcoin's price moved since this brief was published?

BTC is down 0.32% since this brief first published — trading at ₹68,83,921 ($73,349.00) now versus ₹69,06,164 ($73,586.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.

Which outlets reported this story?

This is an original Token Times brief that synthesises reporting from Crypto Economy. It is not a copy of any one article — follow the source links above for the original reporting.

Token Times Newsdesk Data-stamped

Token Times's newsdesk writes original briefs by synthesising coverage from across the crypto press — 50+ outlets including CoinDesk, The Block, Decrypt and Cointelegraph — cross-checking the figures they report — and verifying them against on-chain data from DeFiLlama and mempool.space — plus live market context (CoinGecko, Binance). We summarise and link to every source; we never reproduce full articles. Read our editorial standards and how we use AI. Not financial advice.

Market data verified against CoinGecko & Binance · November 12, 2026 ⛓ Timestamped at Bitcoin block #975,530 sha256:22b99638b205ed8b
Based on reporting by Crypto Economy — this is an original Token Times summary with live market data, not the original article.Crypto Economy · Nov 12 00:46 ↗

Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.