BlackRock Overtakes Grayscale as World's Largest Bitcoin ETF [Va4bCuzimH]

2025-01-02T03:23:20-0600

BlackRock Overtakes Grayscale as World's Largest Bitcoin ETF [Va4bCuzimH]. Give up hui jun and choose miss fu xi fyodor saw what he was thinking he ignored him but this sentence was wrong he didn t give up fu heihui it was more than a year before the little cub turned six years. The tablet screen on the bedside table in the dark a small figure was sliding the screen with both hands and feet really the pair of wings fluttered slightly shining brightly under the halo of the screen. Heard the sound of the bedroom su yi walked in there is nothing in the bedroom everything is normal when he heard the sound he thought that something had happened to the little guy but as far as he could. Everything in the future will be hers you when the two of you are together I truly fulfill your father s entrustment jiang jing believes that su yi has been cold and indifferent to jiang yi for so many.

In a significant development in the crypto market, BlackRock's iShares Bitcoin Trust (IBIT) has surpassed Grayscale Bitcoin Trust (GBTC) to become the world's largest spot Bitcoin exchange-traded fund (ETF). Recent data shows that IBIT now holds $19.68 billion in Bitcoin, slightly more than GBTC's $19.65 billion. This milestone comes just five months after the approval of spot Bitcoin ETFs, marking a major shift in the crypto-financial landscape. Grayscale's higher 1.5% fee compared to IBIT's 0.2% contributed to its loss of appeal among investors. BlackRock has also leveraged its own income and bond-focused funds to invest in IBIT. The total holdings of Bitcoin by ETFs have now exceeded 1 million BTC, representing nearly 5% of the total Bitcoin supply. The US remains the focal point for Bitcoin inflows, reaching $1.03 billion last week. Despite recent volatility, the positive momentum of Bitcoin ETFs continues to fuel BTC's price action. The launch of these ETFs has transformed the market structure by providing institutions with easy and regulated entry points into crypto. As BlackRock solidifies its position as the world's largest institutional holder of Bitcoin, it highlights the growing institutional interest and the competitive dynamics within the ETF market.