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According to data provided by Arkham Intelligence, financial giant BlackRock has overtaken Grayscale in the Bitcoin ETF race for the first time.
As noted by the firm, BlackRock’s ETFs, IBIT and ETHA, have now surpassed Grayscale's products, including the firm's scaled-down "mini" versions of its ETF. The two major ETF players are currently at $21.217 billion and $21.202 billion.
Now, the Larry Fink-helmed firm boasts the largest ETF holdings of any provider.
As reported by U.Today, BlackRock's groundbreaking trailblazing IBIT is now expected to become the largest single holder of the leading cryptocurrency, surpassing none other than Satoshi Nakamoto.
On Thursday, Bitcoin ETFs recorded $11.1 million worth of inflows. This came after these products broke their inflow streak on Wednesday with $81.4 million worth of outflows.
As noted by the firm, BlackRock’s ETFs, IBIT and ETHA, have now surpassed Grayscale's products, including the firm's scaled-down "mini" versions of its ETF. The two major ETF players are currently at $21.217 billion and $21.202 billion.
Now, the Larry Fink-helmed firm boasts the largest ETF holdings of any provider.
As reported by U.Today, BlackRock's groundbreaking trailblazing IBIT is now expected to become the largest single holder of the leading cryptocurrency, surpassing none other than Satoshi Nakamoto.
On Thursday, Bitcoin ETFs recorded $11.1 million worth of inflows. This came after these products broke their inflow streak on Wednesday with $81.4 million worth of outflows.
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