🚀BlackRock's IBIT overtook Grayscale's GBTC to become the largest Bitcoin ETF in the US!💰

IBIT now manages nearly $20 billion worth of Bitcoin, while GBTC manages $19.7 billion.

- On May 28, BlackRock included a Bitcoin ETF in its income and bond funds.

- The development, which comes nearly five months after the approval of spot Bitcoin ETFs, marks a significant milestone in crypto-financial products.

Grayscale charges a 1.5% fee for the GBTC ETF, which is significantly higher than BlackRock's IBIT. As a result, Grayscale is gradually losing its appeal to investors who prefer the lower fees offered by IBIT.

📈IBIT buying activity has recently increased due to bullish sentiment for Bitcoin and the broader crypto market.

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