Arkham Labels $500M of Bitcoin in VanEck’s European Bitcoin ETN

The on-chain holdings of the VanEck Bitcoin ETN (VBTC) are now on Arkham. The fund holds 6,864.99 BTC, worth about $504M at the time of writing.

The 40 newly labelled addresses, which include historical and operational wallets used by the fund, have been added to Arkham’s existing VanEck entity, which already tracked the asset manager’s US spot Bitcoin ETF, HODL. Today, all 6,864.99 BTC sits in a single cold-storage address, where it has been held for two years.

VanEck’s On-Chain Footprint

With VBTC included, VanEck now holds 21,218 BTC ($1.56B) on-chain. That means about 14,350 BTC is in HODL and the remaining third in VBTC. 

VanEck has a range of other digital assets as well. Its entity shows about $1.8B in total on-chain assets, including 74,869 ETH ($153M), 140M TRX ($44M), 198,637 SOL ($16M) and positions in AVAX, BNB, LINK and HYPE. Much of its Ethereum ETN is staked through Figment and the Beacon Deposit Contract. This week alone it sent several 580 ETH deposits.

What is VanEck?

VanEck is a New York-based global investment manager. It was founded by John C. van Eck in 1955 and is now run by his son, CEO Jan van Eck. The firm built its name by moving early into new markets. It launched the first U.S. mutual fund dedicated to gold equities in 1968, then moved into emerging markets in 1993, and exchange traded funds in 2006.

VanEck was one of the first major asset managers to embrace crypto. VanEck launched physically backed crypto ETNs in Europe, including VBTC in 2020, and a Bitcoin futures ETF in the US in 2021. When the SEC approved spot Bitcoin ETFs in January 2024, VanEck launched HODL. It followed with the VanEck Ethereum ETF (ETHV) later that year.

Tracking VanEck on Arkham

You can monitor VanEck’s Bitcoin, Ethereum and Solana products in real time on Arkham. Labelling VBTC gives users a fuller picture of how VanEck’s crypto products are positioned in the US and Europe.