The BTCW Balance metric aims to monitor and delineate the estimated Bitcoin balances held within the WisdomTree Bitcoin ETF (BTCW). This balance estimate is derived from a combination of on-chain analysis and Glassnode's clustering heuristics.

Disclaimer: The presented balance is an estimate based on on-chain data and clustering methods, and as such may not precisely match the actual BTCW balance. For the most accurate and current balance information, and for a comprehensive understanding of BTCW's historical evolution, it is advised to explore the official WisdomTree BTCW ETF website (https://www.wisdomtree.com/investments/etfs/crypto/btcw).