Arkham Intelligence Reveals Grayscale’s Ethereum Holdings Across 500 Addresses

On September 1, Arkham Intelligence, a crypto analytics and information tracking agency, reportedly pinpointed the ethereum (ETH) holdings of Grayscale for its Ethereum Trust. Arkham reveals that Grayscale’s ether stash is dispersed crossed 500 chiseled addresses.

Grayscale’s Ethereum Holdings Mapped by Arkham

According to Arkham, the steadfast has identified the ethereum owned by Grayscale for the Ethereum Trust fund. The fund’s shares are based connected a fraction of ether, and each stock represents 0.00963214 ETH connected September 1, according to Grayscale’s web portal. Grayscale’s Ethereum Trust was initially introduced successful December 2017, and Arkham believes the institution is present the second-largest holder of ETH.

“Arkham has identified the Grayscale Ethereum Trust onchain,” the steadfast posted to the societal media level X. “It is present the 2nd largest ETH entity globally with $5B successful ETH. This had not been antecedently reported oregon publically identified.”

The steadfast added:

The Grayscale funds are divided implicit much than 500 addresses, nary of which holds much than $30M. This makes the recognition process much difficult. We were capable to place the addresses by analyzing enactment and cross-referencing with Grayscale’s publically reported balances.

The quality of Arkham’s assertion that the squad has uncovered Grayscale’s funds follows the company’s recognition of the fifth-largest ETH holder. “Our recognition of Robinhood arsenic the proprietor of the third-largest bitcoin wallet was wide covered,” Arkham wrote connected August 30. “But astir sum missed that we’ve besides identified them arsenic the proprietor of the 5th largest ETH wallet, holding $2.54B of ETH.”

Moreover, aft the illness of FTX, an OXT researcher known arsenic “Ergo” published an X thread featuring onchain forensics that suggests Coinbase Custody holds a equilibrium of 633,000 bitcoins apt belonging to the Grayscale Bitcoin Trust (GBTC). Arkham’s labeling of Grayscale Ethereum Trust onchain comes astatine a clip erstwhile the assemblage has shown significant interest successful elephantine bitcoin and ethereum whales and the apical wallets.

What bash you deliberation astir Arkham labeling 500 addresses reportedly associated with the Grayscale Ethereum Trust? Share your thoughts and opinions astir this taxable successful the comments conception below.