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Arkham labels $3 billion in crypto funds, including VanEck and CoinShares products

Arkham labels $3 billion in crypto funds, including VanEck and CoinShares products

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The blockchain analytics firm has tied roughly $3 billion in on-chain holdings to named entities, with VanEck accounting for the largest slice

by John Chen

3 min read

In Crypto

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Arkham Intelligence has attached names to roughly $3 billion worth of crypto sitting in fund wallets. The newly labeled holdings span Bitcoin, Solana, and Ethereum products.

Two of the biggest names on the list are VanEck and CoinShares. Both are established asset managers, and their on-chain positions just became a lot easier for the public to track.

What Arkham found

The data comes from Arkham’s top 100 holders report, dated November 4, 2026. The figures reflect holdings as of November 3, 2026.

VanEck is the heavyweight here. Arkham ties approximately $1.4 billion in holdings to its labeled entity.

Most of that is Bitcoin. The VanEck entity holds roughly 14,700 BTC, worth around $1.17 billion at the prices used in the report.

The remainder of VanEck’s tracked holdings sits in Ethereum, Solana, and other crypto assets.

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CoinShares comes in smaller but still substantial. Arkham records roughly $425 million in tracked holdings for the firm, concentrated mostly in Bitcoin.

VanEck and CoinShares are not alone in the data. World Liberty Financial, Twenty One Capital, Coincheck, and Binance Pool also appear among the entities Arkham lists in connection with the $3 billion total.

Why labeling matters

A blockchain is a public ledger, but it is a ledger full of pseudonyms. Anyone can see a wallet holding thousands of Bitcoin. Knowing who controls that wallet is a different problem entirely.

This process is called entity attribution. Analysts study transaction patterns, links between addresses, and other signals to connect wallets to real-world organizations.

Once a wallet carries a label, its activity stops being anonymous noise. Inflows, outflows, and transfers to exchanges can be watched by anyone using the platform.

Arkham has been building out this kind of coverage for a while. Since early 2024, the firm has labeled multiple Bitcoin ETF addresses, including those tied to VanEck’s HODL product.

The latest batch of labels extends that work. It adds visibility not just into Bitcoin funds, but into products holding Ethereum and Solana as well.

What this means for investors and the market

The most immediate effect is transparency. Fund disclosures typically arrive on a schedule, while on-chain data updates in close to real time.

The Arkham data also hints at how institutions are allocating. VanEck’s book leans heavily toward Bitcoin, and CoinShares’ tracked holdings do the same.

Ethereum and Solana exposure is present but secondary, at least in VanEck’s labeled holdings.

The research accompanying the report suggests growing institutional positions may encourage more traditional investors to consider crypto allocations.

Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.

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