Arkham Intelligence linked CoinShares’ name to 98 addresses associated with its physically backed Bitcoin ETP, traded under the ticker BITC. These wallets hold 20,652 BTC worth approximately $1.53 billion, including 15,359.46 BTC in a single address representing nearly three-quarters of the total. The labeling went live around November 9 to 11, 2026, as part of a wider effort that added nearly $3 billion in fund assets to the platform. BITC holders can publicly verify the reported reserves and monitor movements from the main address, while CoinShares says it never lends the Bitcoin backing its products and allows direct redemption.
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