Bitcoin: Will BlackRock overtake Grayscale as top BTC ETF?

Bitcoin’s price fluctuates amid ETF excitement, with analysts eyeing potential market shifts.spot ETFs saw a net inflow of $154 million, marking the eighth consecutive day of net inflows, according to data from Farside Investors.The ETF that garnered significant attention was Grayscale’s GBTC, which experienced an outflow of $16.09 million.

In contrast, BlackRock’s IBIT recorded a single-day inflow of $91.95 million, while Fidelity’s FBTC saw an inflow of $74.57 million on the same day.This has raised a key question among investors: Is BlackRock on the verge of overtaking GBTC as the largest Bitcoin ETF with the most assets under management?Responding to this, on 22d May, BlackRock and others filed amended 19b-4 forms, removing ether staking provisions that posed regulatory challenges.

“BlackRock seals the deal for me. They’ve only lost ONCE when trying to get an ETF approved. The Ethereum spot ETF is coming!!” This highlights strong confidence in BlackRock’s ability, given its impressive track record with ETF approvals. “Bitcoin ETFs hit a record high of 850,000 BTC held today. Global ETFs are closing in on 1 million Bitcoin held.”announced it received authorization from the UK Financial Conduct Authority to introduce Bitcoin and Ethereum Exchange-Traded Products on the London Stock Exchange .Ishika is a graduate of Political Science from the University of Delhi. From writing content as a hobby to now pursuing it as a professional career, she has been living and breathing content all her life.

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