BlackRock has now surpassed Grayscale in total cryptocurrency holdings, marking a significant shift in on-chain assets. This change establishes BlackRock as the preeminent ETF-related institution within the Arkham network. BlackRock’s holdings are valued at approximately $22.14 billion, slightly ahead of Grayscale’s $21.99 billion.
BlackRock Surpasses Grayscale in Cryptocurrency Assets
Amid Bitcoin’s recent approach to the $60,000 mark, a noticeable surge in its value has boosted optimism in the cryptocurrency market. This upward trend may signal potential rallies for altcoins, particularly those under BlackRock’s influence, such as Uniswap.
BLACKROCK NOW HAS MORE CRYPTO THAN GRAYSCALE
Blackrock has now overtaken Grayscale in total on-chain holdings. This makes Blackrock the largest ETF-related entity on Arkham.
Blackrock: $22,143,715,559
Grayscale: $21,996,062,828 pic.twitter.com/YrPZdrMObk
— Arkham (@ArkhamIntel) August 22, 2024
The increasing value of these assets highl
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