According to Arkham Intelligence, the blockchain analytics company on November 9 identified and labeled approximately $3 billion worth of cryptocurrency assets held by major investment funds. CoinShares' BITC Physical Bitcoin ETP accounted for the largest position at $1.52 billion, followed by VanEck's VBTC Bitcoin ETN with $507.2 million and Invesco's BTIC Physical Bitcoin ETN with $266.6 million. Grayscale's Solana Trust represented $125.9 million of the newly labeled assets. The labeling initiative enables investors and researchers to more easily monitor institutional cryptocurrency holdings on the blockchain.

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