It is worth noting that since the GDLC fund is not an ETF , the Grayscale entity still has a higher balance than BlackRock .
Source: bitcoinist
Compiled by: Blockchain Knight
The latest data shows that BlackRock, the world's largest asset management company, has added a new member and become the company holding the most Crypto ETFs.
Crypto asset intelligence platform Arkham revealed in an article published on X that BlackRock has replaced Grayscale as the asset management company with the largest number of Crypto asset ETFs .
BlackRock’s ETF has $21.2171 billion, while Grayscale’s ETF has $21.2248 billion worth of Crypto assets under management (AUM), according to Arkham.
Although Grayscale offers four funds: GBTC, BTC Mini, Spot ETH ETF, and ETH Mini, BlackRock has taken the first position with its IBIT and ETHA.
It’s worth noting that since the GDLC fund is not an ETF and has AUM of $460 million, the Grayscale entity still has a higher balance than BlackRock .
Since the launch of the BTC ETF in January, BlackRock’s IBIT has unsurprisingly become one of the strongest performing funds in the ETF market.
In a recent article published on X, Nate Geraci, president of The ETF Store, revealed that the iShares IBIT has only had one day of outflows since it went public in early 2024.
In contrast, Grayscale’s GBTC has only had 12 days of inflows since launch, with a total net outflow of $19.65 billion.
This trend is the main reason why Grayscale BTC Trust lost to BlackRock in terms of assets under management .
This was further highlighted recently when investment banks Morgan Stanley and Goldman Sachs disclosed their large holdings in the iShares BTC ETF. In particular, Morgan Stanley revealed that it had sold nearly all of its nearly $270 million GBTC share position.
While spot BTC ETFs have performed positively over the past week, Ethereum ETFs have failed to make a difference .
Last week, the Ethereum ETF saw strong inflows for three consecutive days, but at the close of Friday, the Ethereum ETF had a cumulative net outflow of $14.17 million.
On the other hand, BTC ETFs recorded a total of $32.57 million in net inflows over the past week.
This difference in fund flows essentially highlights the difference in acceptance between the BTC fund and the recently launched Ethereum products, especially in the months following the launch of the BTC fund.
