Bitcoin, Ether Held in BlackRock ETFs Cross Those of Grayscale's for the First Time
Briefly

from Coindesk6 months ago
BlackRock's spot bitcoin (BTC) and ether (ETH) ETFs have overtaken Grayscale's funds, becoming the largest in assets managed, signaling a shift in the crypto market.
Coindeskhttps://www.coindesk.com/markets/2024/08/16/bitcoin-ether-held-in-blackrock-etfs-cross-those-of-grayscales-for-the-first-time/
As of the latest data, BlackRock's ETFs collectively manage over $21.217 billion, a slight edge over Grayscale’s $21.202 billion, marking a significant milestone.
Coindeskhttps://www.coindesk.com/markets/2024/08/16/bitcoin-ether-held-in-blackrock-etfs-cross-those-of-grayscales-for-the-first-time/
Recent trends show Grayscale’s GBTC has been experiencing outflows, signaling potential investor confidence shifts towards BlackRock’s newer ETHA ETF which saw inflows.
Coindeskhttps://www.coindesk.com/markets/2024/08/16/bitcoin-ether-held-in-blackrock-etfs-cross-those-of-grayscales-for-the-first-time/
BlackRock's IBIT ETF was the first to surpass $20 billion in June, with Grayscale's products struggling, losing significant value in recent months.
Coindeskhttps://www.coindesk.com/markets/2024/08/16/bitcoin-ether-held-in-blackrock-etfs-cross-those-of-grayscales-for-the-first-time/
Read at Coindesk
#bitcoin #ethereum #exchange-traded-funds #grayscale #blackrock
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