BlackRock Bitcoin ETF may surpass Grayscale GBTC

The report pointed out that based on the current inflow rate, BlackRock IBIT’s Bitcoin holdings are expected to exceed Grayscale GBTC in the next three weeks. As of March 22, BlackRock’s Bitcoin ETF held 238,500 Bitcoins on its books, while Grayscale GBTC held approximately 350,252 BTC. Assuming the rate of inflows and outflows remains stable, BlackRock’s total Bitcoin holdings could exceed Grayscale’s by April 11. If BlackRock’s inflows return to the previous week’s average daily inflows, which was around 7,200 BTC, the shift could occur within 10 days.

This news has attracted widespread attention in the market, because BlackRock is one of the world's largest asset management companies, and its Bitcoin holdings exceeding Grayscale GBTC will further highlight institutional interest and recognition of cryptocurrencies. This also means that the Bitcoin market is experiencing increasing liquidity and institutional participation, which may have a significant impact on the cryptocurrency market.