BlackRock, the world’s largest asset manager, has topped the charts by acquiring the largest crypto exchange-traded fund (ETF) holdings recently.<\/p>\n
Arkham, a crypto intelligence platform, revealed that BlackRock now holds $21,217,107,987 worth of crypto assets in its ETFs, surpassing Grayscale with $21,202,480,698 in their ETFs.<\/p>\n
BlackRock achieved this with two funds, IBIT for Bitcoin and ETHA for Ethereum, despite Grayscale offering four funds. However, Grayscale still maintains a higher balance due to the GDLC fund, not an ETF, with $460 million in assets.<\/p>\n
BlackRock’s IBIT has been performing well since its launch in January, with The ETF Store president Nate Geraci highlighting its success with minimal outflows and significant inflows.<\/p>\n
Conversely, Grayscale’s Bitcoin Trust (GBTC) has experienced more outflows than inflows, resulting in a net outflow of $19.65 billion and contributing to BlackRock’s rise in AUM.<\/p>\n
Investment banks like Morgan Stanley and Goldman Sachs have also shifted their focus to BlackRock’s iShares Bitcoin ETF, abandoning sizable positions in GBTC shares.<\/p>\n
While Bitcoin ETFs saw positive trends last week, the Ethereum ETFs did not fare as well. Despite starting strong with inflows, the Ethereum ETFs closed the week with a net outflow of $14.17 million, unlike Bitcoin ETFs which saw a total net inflow of $32.57 million.<\/p>\n
This disparity in capital flow reflects the varying acceptance levels of Bitcoin and Ethereum funds, especially post their respective launches.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
BlackRock, the world’s largest asset manager, has topped the charts by acquiring the largest crypto exchange-traded fund (ETF) holdings recently. Comparison of BlackRock\u2019s ETFs with Grayscale\u2019s Funds Arkham, a crypto intelligence platform, revealed that BlackRock now holds $21,217,107,987 worth of crypto assets in its ETFs, surpassing Grayscale with $21,202,480,698 in their ETFs. BlackRock achieved this […]<\/p>\n","protected":false},"author":1,"featured_media":17571,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"BlackRock Leads in Crypto ETF Holdings, Surpasses Grayscale - Bitrabo","description":"BlackRock, the world's largest asset manager, has topped the charts by acquiring the largest crypto exchange-traded fund (ETF) holdings recently. Comparison of"},"footnotes":""},"categories":[316],"tags":[1920,504,7214,1923,2004,506,620,2148,1256,3103],"class_list":["post-17570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-blackrock","tag-crypto","tag-crypto-etf","tag-etf","tag-grayscale","tag-holdings","tag-largest","tag-surpasses","tag-takes","tag-throne"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/17570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=17570"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/17570\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/17571"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=17570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=17570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=17570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}