WBIT holds 8,900 BTC, worth around $579 million, across 134 wallets, Arkham Intel finds.
The blockchain data tracking firm Arkham Intel found wallets associated with WBIT, a physical Bitcoin exchange-traded product from the asset manager WisdomTree.
"WisdomTree Physical Bitcoin is a physically backed exchange-traded product designed to offer shareholders a simple, secure and cost-efficient way to gain exposure to the price of Bitcoin,” according to WBIT’s website. “The ETP provides for easy investor access, tradability, transparency and institutional custody solutions with a robust physically backed structure."
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