In a major milestone, BlackRock’s spot Bitcoin ETF IBIT has emerged as the largest Bitcoin fund in the market overtaking Grayscale’s GBTC. The flippening happened on Tuesday, May 28, as the BlackRock Bitcoin ETF recorded more than $100 million in inflows. The Bitcoin price is up by 1% in the last 24 hours moving past $68,700 levels.
BlackRock Holds ~$20 Billion Worth of Bitcoins
In just four months, BlackRock’s spot Bitcoin ETF ($IBIT) has amassed an impressive AUM of nearly $19.79 billion. Meanwhile, Grayscale’s GBTC AUM has declined by ~$18 billion during the same period, now standing at $19.75 billion.
With this rapid growth and Grayscale’s net outflows, BlackRock has managed to surpass Grayscale as the world’s largest Bitcoin spot ETF by AUM.
On May 28, Bitcoin ETFs saw total net inflows of 632 BTC, equivalent to $43.3 million. It has been the eleventh consecutive day of Bitcoin ETF inflows. BlackRock led the way with an addition of 1,505 BTC ($102 million), surpassing
We współpracy z: https://coingape.com/blackrock-ibit-becomes-largest-bitcoin-fund-overtaking-grayscale/
