BlackRock’s ETF holdings have surpassed Grayscale ETF holdings for the first time. As per the cryptocurrency and blockhain intelligence platform, Arkham BlackRock’s 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 with a BlackRock ETF holding amounting to $21,217,107,987. Meanwhile, Grayscale ETF holdings are $21,202,480,698.
BLACKROCK 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.
BlackRock ETF… pic.twitter.com/PB41LEGc97
— Arkham (@ArkhamIntel) August 16, 2024
Grayscale’s ETF holdings include 2.292M ETH and 264.921K BTC and BlackRock’s ETF holdings include 347.44K BTC and 312.122K ETH.
However, Arkham tweeted, “‘Grayscale’ entity still shows a higher balance than ‘BlackRock’. This is mainly due to Grayscale’s fund GDLC, which has around $460M in AUM and is not an ETF.”
Crypto ETF holdings have increasingly become a safe bet for government institutions and corporations as well. Recently, Goldman Sachs revealed its biggest bitcoin ETF position which is a $238 million stake in BlackRock’s Ishares Bitcoin Trust (IBIT).
As the world tussles with geo-political tensions, wars and growing inflation, institutions and individual investors too, have found ‘fairness and faith’ in decentralized cryptocurrencies.
Crypto degens are surrounded by frenzy as big players are seen competing with their holdings.Many users on Crypto Twitter have pointed out that with this pace, institutions might soon topple Satoshi Nakamoto’s holdings whose 1.1 Million BTC holding currently remains untouched.
Also Read: End of July ETF Update: BlackRock Leads with $20.02B Inflows, Grayscale Sees Significant Outflow
Source: https://www.cryptonewsz.com/blackrock-etf-holdings-surpasses-grayscale-etf/