BlackRock Takes the Lead: IBIT Becomes Largest Bitcoin Fund, Surpassing Grayscale_
1. _BlackRock's IBIT surpasses Grayscale as the largest Bitcoin fund_, with over $1.37 billion in assets under management (AUM).
2. _Grayscale's Bitcoin Trust (GBTC) had held the top spot since 2013_, but its AUM has fallen to $1.34 billion.
3. _IBIT's growth is attributed to its lower fees (0.25% vs GBTC's 2%) and institutional investor interest_.
4. _BlackRock's entry into the crypto market signals growing mainstream acceptance_.
5. _The development may lead to increased competition and innovation in the crypto investment space_.