On-chain data platform Arkham has made available a website to track ETF addresses from BlackRock, Fidelity, Bitwise and Franklin Templeton.
According to data published on January 22nd, the four mentioned ETFs hold over 80,000 bitcoin, totaling more than 3 billion dollars.
The addresses with the largest amount of bitcoin are associated with BlackRock‘s ETF (IBIT), holding a total of 39,925 bitcoin. IBIT recorded an inflow of almost 5,000 bitcoin on January 22nd, primarily sent from a hot wallet on Coinbase Prime. Following is Fidelity‘s ETF (FBTC), managing a total of 27,363 bitcoin, with an inflow of about 9,300 bitcoin in the last 24 hours.
Bitwise‘s ETF (BITB) holds 11,188 bitcoin, with an inflow of 2,500 bitcoin received between January 22nd and 23rd, while Franklin Templeton‘s ETF (EZBC) holds 1,276 bitcoin, mostly purchased two weeks ago through the Coinbase Prime platform.
The reduction of fees on European products
As reported by the Financial Times, European brokers are reducing fees on Bitcoin ETPs following the SEC approval of spot ETFs and the entry of major players like BlackRock and Fidelity into the market.
Gary Buxton, Head of ETF Products at Invesco for Europe, the Middle East, Africa, and the Asia Pacific region, stated that the approval of spot Bitcoin ETFs has led to an ‘unprecedented offering of new products‘ for U.S. investors. Previously such investors had to turn to Canadian or European markets to gain exposure to Bitcoin.
Invesco and WisdomTree have lowered their fees by over 60% on European products. WisdomTree’s ETP fees will decrease from 0.95% to 0.35%, while Invesco’s ETP costs will drop from 0.99% to 0.39%.”
