BlackRock’s IBIT Outpaces Grayscale’s GBTC in Just 96 Trading Days

On May 28th, BlackRock finally surpassed Grayscale to become the largest spot Bitcoin ETF with 288,671 BTC in its holdings.

This event was a crucial event for the entire cryptocurrency industry that significantly improved Bitcoin’s accessibility to investors and ultimately drove its value to an all-time high near $74,000 by March.compiled by SoSoValue, Bitcoin ETFs recorded total net inflows of 632 BTC, worth $43.3 million for yesterday, marking the eleventh consecutive day of inflows.

Trailing closing behind is Bitwise’s BITB with $3 million in inflows. Invesco and Galaxy Digital’s BTCO also recorded the same figure on May 28th.

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Bracebridge Capital emerges as top holder of ARKB and IBITBracebridge Capital also reported owning Grayscale’s GBTC, with its combined spot bitcoin ETF holdings valued at $434 million as of March 31.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Two BlackRock funds added the firm's IBIT spot bitcoin ETF to portfolio in Q1Two funds managed by the Wall Street giant bought shares in the firm's IBIT spot bitcoin ETF, according to filings.
Source: TheBlock__ - 🏆 464. / 53 Read more »

BlackRock’s IBIT overtakes GBTC as the world’s largest Bitcoin ETFBlackRock's IBIT surpasses Grayscale's GBTC as the largest Bitcoin ETF with $102.5 million in inflows. As of May 28, IBIT holds 288,670 BTC compared to GBTC's 287,450 BTC. BlackRock’s Bitcoin ETF now leads the market.
Source: Cointelegraph - 🏆 562. / 51 Read more »