BlackRock's BTC holdings exceed Grayscale, the new king of crypto is here🫅
Grayscale, the old king of crypto in the past, has been overtaken by BlackRock in BTC holdings. A new era of crypto has begun, and a huge amount of web2 funds are pouring into the crypto market.
BlackRock updated IBIT data, and as of May 30, the number of holdings was 289,058.0189 bitcoins, with a market value of approximately US$19,930,345,173.05. According to Grayscale's official update of GBTC data, as of May 30, the number of holdings was 286,968.901 bitcoins, with a market value of approximately US$19,696,139,217.19.
From the data, as of May 30, BlackRock IBIT's Bitcoin holdings surpassed Grayscale GBTC, with about 2,089.1179 more Bitcoins. As the recognition of BTC ETF continues to increase, I believe this leading advantage will continue to expand.