Arkham Intelligence identifies more than 1,750 wallets tied to the Grayscale Bitcoin Trust

Experts from analytics platform Arkham Intelligence linked more than 1,750 addresses to Grayscale Investments’ Bitcoin Trust. In total they hold 627,779 BTC (~$16.15 billion).

By this metric, the Grayscale Trust is the second-largest holder of digital gold.

Each wallet contains fewer than 1,000 BTC (~$25.7 million).

Earlier, researchers identified more than 500 Ethereum addresses connected to the Grayscale Trust, holding 2.987 million ETH (~$4.91 billion). As with GBTC, the trust is the second-largest holder of the asset.

Earlier, in August, experts linked Robinhood to the third-largest Bitcoin address.