gm Blackrock’s Bitcoin ETF IBIT has overtaken GBTC to become the largest crypto ETF in the world. Blackrock had combined inflows of +9451.7 BTC (+$656.7M) over the past 7 days, and now hold 284.5K BTC ($19.4B) Meanwhile, Grayscale has seen outflows of -435.8 BTC (-$29.9M) over the same period. Interestingly, the ‘ETF flippening’ is happening more because of Blackrock’s inflows (+$810.3M in May) than GBTC outflows (-$451.6M in May). US ETF’s now hold a combined 562.0K BTC ($38.2B) - 2.67% of Bitcoin’s maximum supply.