BlackRock ETFs holdings surpass Grayscale, hitting $21,217,107,987, while the latter's number stood at $21,202,480,698.
BlackRock ETFs have made a historical shift, overtaking Grayscale ETFs for the first time. According to an X post by” Rocket ETF holdings overtake Grayscale for the first time. BlackRock’s ETFs IBIT and ETHA have just overtaken Grayscale’s ETFs GBTC, BTC Mini, ETHE and ETH Mini in on-chain holdings. Blackrock ETFs now have the largest collective holdings of any provider.”
This development positions BlackRock as the leader in the ETF market after overtaking Grayscale, which has been the dominant player for a long time.At press time, BlackRock’s total holdings hit $21,217,107,987, while Grayscale ETF’s total holdings followed closely behind at $21,202,480,698.The cryptocurrency market experienced significant movements in ETF flows since this news broke.ETFs saw a net inflow of approximately $35.9 million, with notable contributions from Fidelity and BlackRock .
However, there has been a drastic surge in demand in 2024 since the approval of Bitcoin spot ETFs in January, and Ethereum spot ETFs in July.
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