#BlackRock's Bitcoin and Ethereum
#ETFs surpassed Grayscale ETF AUM, marking a significant shift in the crypto investment arena.
For the first time ever, BlackRock’s Bitcoin and Ethereum ETFs have now surpassed Grayscale ETF offerings in terms of assets under management (AUM). This feat is attributed to the robust inflows into IBIT and ETHA since inception. However, the other ETF issuer lags behind as GBTC and ETHE witnessed heavy outflows despite the mini ETFs registering inflows.
BlackRock Vs. Grayscale ETF AUM Details
According to Arkham Intelligence, BlackRock’s ETFs, IBIT and ETHA, currently hold a collective value of $21.22 billion. In contrast, Grayscale’s ETFs, which include GBTC, BTC Mini, ETHE, and ETH Mini, collectively hold $21.20 billion. This development marks the first time BlackRock’s holdings have overtaken Grayscale ETF AUM.
Moreover, it positions BlackRock as the largest crypto ETF provider globally. The IBIT Bitcoin ETF is leading with an AUM of $20.54 billion, holding 348,609 BTC. Whilst, the asset manager’s Ethereum ETF, ETHA, holds $847 million with 318,180 ETH.
Grayscale, a long-standing leader in the crypto investment space, still maintains a significant presence. Its flagship product, Grayscale Bitcoin ETF (GBTC), alone holds a whopping $13.17 billion in AUM. Additionally, the investment firm’s Ethereum Trust (ETHE) holds $4.82 billion with $924 million in ETH Mini ETF.
However, the comparison between both ETF issuers’ crypto holdings is nuanced. Arkham Intelligence notes that while BlackRock hasn’t outshined Grayscale’s overall balance. The latter’s balance includes its Digital Large Cap Fund (GDLC) with around $460 million in AUM. The fund holds 93.29% in BTC and ETH, boosting the overall holdings.
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