💥⛔️BlackRock’s 🥳💥
🌾After a successful launch in January, BlackRock's IBIT now has $17.7 billion in assets under management. Grayscale’s Bitcoin Trust (GBTC) has $23.7 billion, meanwhile, having bled more than $15 billion since its conversion at the start of the year.
GBTC is offloading its Bitcoin at a rocket speed as bankrupt crypto companies shift GBTC shares they had to pay back creditors. The fund is also more expensive compared to other ETFs on the market: its fee stands at 1.5%; IBIT is priced at 0.12% for the first 12 months and then will be set at 0.25%.