As of May 28, IBIT holds over $20 billion in assets with 288,670 Bitcoin, surpassing GBTC's $19.7 billion assets and 287,450 Bitcoin holdings.
Grayscale has witnessed accelerating outflows as investors pivot to BlackRock's ETF and other spot bitcoin products due to its high fees.
BlackRock's iShares Bitcoin Trust has now become the dominant player in the Bitcoin ETF market, even outstripping the Fidelity Bitcoin ETF's $11 billion in assets.
BlackRock's move to include IBIT in its major funds signals the validation of institutional demand for Bitcoin exposure, as traditional finance firms embrace digital assets.
[
Collection
]
[
|
...
]