2024-08-18
BlackRock’s ETFs, IBIT and ETHA, surpasses
Grayscale’s ETFs, GBTC, BTC Mini, ETHE and ETH Mini in on-chain holdings.
As of August 16, 2024, BlackRock’s spot bitcoin (IBIT) and ether (ETHA) ETFs now hold more assets under management (in on-chain holdings) than Grayscale’s well-known GBTC, BTC Mini, ETHE, and ETH Mini ETFs according to data from Arkham.
BlackRock’s ETFs, specifically the spot bitcoin (IBIT) and bther (ETHA) ETFs, now hold the title of the largest
crypto-focused publicly traded funds, with AUM exceeding those of Grayscale.
The shift in leadership was driven by a
surge in demand for Bitcoin and Ethereum, particularly following the approvals
of spot ETFs.
BlackRock currently manages over
$21.217 billion ($21,217,107,987) in ETF holdings, edging out Grayscale, which
manages $21.202 billion ($21,202,480,698).
This change in leadership highlights
BlackRock’s growing dominance in the cryptocurrency market.
