⚠️ BlackRock has surpassed Grayscale to become the largest digital asset fund manager, with over $22 billion in crypto assets under management (AUM). This growth is largely attributed to the success of BlackRock's IBIT ETF, which has grown to $21 billion AUM since its launch in January. Meanwhile, Grayscale has seen significant outflows, particularly from its ETHE fund, which lost $2.3 billion since US Ethereum ETFs began trading. BlackRock's rapid expansion in the crypto fund space, including in tokenized US Treasuries, highlights its growing dominance in the sector‼️

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