BlackRock's ETFs surpass Grayscale's in assets, crowning new crypto fund king: Arkham
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BlackRock, which holds the title of the world's largest asset manager, recently achieved a new milestone: its digital asset exchange-traded funds have surpassed those offered by longtime leader Grayscale in terms of total assets under management. 

While BlackRock only offers two funds, IBIT (spot Bitcoin) and ETHA (spot Ethereum), the combined assets under management (AUM) of the two funds at $21.6 billion is slightly more than the $21.3 billion held by Grayscale's four funds: GBTC, BTC Mini, ETHE, and ETH mini, according to blockchain intelligence firm Arkham. 

Morgan Stanley recently disclosed that it had sold nearly its complete $269.9 million position in GBTC and now holds 5.5 million shares of IBIT, worth about $187.1 million at current prices.

Goldman Sachs last week likewise disclosed holdings of nearly 7 million IBIT shares worth nearly $235 million at current prices, though it also holds about $35 million worth of Grayscale's converted fund and about $150 million in shares of other spot Bitcoin ETFs. 

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