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The Grayscale Bitcoin Trust (GBTC) is currently top of the table with $18.7 billion assets under management (AUM), which includes approximately 297,000 Bitcoin. However due to months of outflows from GBTC, the BlackRock iShares Bitcoin Trust (IBIT) is putting pressure on the table leaders.

Now with $17.2 billion AUM, BlackRock’s fund is only $1.5 billion away from flipping GBTC. To put this in perspective, the third placed fund on the Bitcoin ETF table is more than $7.5 billion behind.

This comes after Bloomberg senior ETF analyst, Eric Balchunas, predicted that IBIT would flip GBTC by the end of April. It’s looking unlikely that this prediction will be proven correct—but it likely wasn’t far off the mark.