#ETFvsBTC Grayscale and BlackRock Compete for Bitcoin Fund Dominance Amid Market Shifts

#Grayscale #Blackrock #BitcoinETF #ETFs

Grayscale’s GBTC remains the largest bitcoin fund, holding 289,300 tokens valued at over $20 billion. BlackRock’s IBIT is not far behind, with 283,200 tokens worth $19.6 billion, according to data from HODL15Capital.

Recent trends show a shift in the market, with spot ETFs experiencing net inflows for eight consecutive days, totaling over 24,500 BTC. This marks a significant reversal from previous weeks, where major ETFs saw zero or negative inflows.

A Shift in Sentiment

The crypto industry celebrated a major policy victory on Wednesday when the House of Representatives passed a comprehensive bill to regulate digital asset markets.

The Financial Innovation and Technology for the 21st Century Act (FIT21) passed with a 279-136 vote, gaining bipartisan support.

Additionally, there is growing optimism about the approval of a spot ether ETF in the U.S., with analysts raising the approval odds from 25% to over 75% due to the recent policy shift.