According to PANews, Arkham has clarified on the X platform that its on-chain tracking data indicates Grayscale's holdings remain higher than BlackRock's. This clarification comes after previous data suggested that BlackRock's ETF holdings had surpassed those of Grayscale for the first time. Arkham explained that the data includes Grayscale's GDLC fund, which manages assets worth approximately $460 million but is not an ETF.