Arkham

FIRST

BlackRock

<figure> 
 <figcaption>
  Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
<p dir="ltr">The world of exchange-traded funds (ETF) has recorded a significant upset as <a href="https://u.today/blackrock-did-not-sell-during-crypto-market-crash-details">BlackRock</a>, the top asset manager, clinched the top spot in crypto ETFs. According to on-chain holdings, BlackRock edged out Grayscale by over $14 million worth of ETFs.</p>
<h2 id="blackrock-s-rise-reflects-investor-confidence">BlackRock's rise reflects investor confidence</h2>
<p dir="ltr">According to on-chain site <a href="https://x.com/ArkhamIntel/status/1824402549744734230">Arkham Intelligence</a>, BlackRock’s ETF holdings stood at $21,217,107,987, while Grayscale's was $21,202,480,698. This represents a significant difference of $14,627,289 between the two giant asset managers.</p>
<blockquote>
 <p lang="en" dir="ltr">BLACKROCK ETF HOLDINGS OVERTAKE GRAYSCALE FOR THE FIRST TIMEBlackRock’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… <a href="https://t.co/PB41LEGc97">pic.twitter.com/PB41LEGc97</a></p>— Arkham (@ArkhamIntel) <a href="https://twitter.com/ArkhamIntel/status/1824402549744734230?ref_src=twsrc%5Etfw">August 16, 2024</a>
</blockquote> 
<p dir="ltr">Notably, the ETF holds an account for BlackRock’s IBIT and ETHA. Grayscale's holdings cover its GBTC, BTC mini, ETHE and ETH mini. The data shows a strong signal of where big investors have placed their bets.</p>
<p dir="ltr">With this new development, BlackRock has the largest collective holding of any crypto ETF provider on the digital market. The milestone achievement follows just days after the top asset manager recorded almost<a href="https://u.today/blackrock-ishares-bitcoin-trust-breaks-etf-chart-with-20-billion-inflow">&nbsp;$20 billion in inflows</a> this year. This is a testament that BlackRock has attracted more investment than all the ETFs launched in 2024.</p>
<p dir="ltr">Meanwhile, BlackRock’s newly launched spot Ethereum ETF, has registered a new flow milestone. The <a href="https://u.today/blackrock-ethereum-etf-eyeing-1-billion-flow-milestone-details">ETHA</a> has grown remarkably, reaching the $1 billion mark just months after it commenced trading.</p>
<h2 id="grayscale-s-potential-to-shift">Grayscale's potential to shift</h2>
<p dir="ltr">As for Grayscale, the massive outflow it registered in the closing days of July may have contributed to the slip that allowed BlackRock to edge it out of the top spot. Between July 29 and 30, Grayscale&nbsp;<a href="https://u.today/grayscale-bitcoin-trust-shares-plunge-as-outflows-continue">recorded a 111,023 ETH outflow,</a> equivalent to $369.7 million.</p>
<p dir="ltr">Analysts say BlackRock's edging out of Grayscale may record a twist, given that the difference between the duo is almost insignificant. A single transaction by a whale could see Grayscale back in first place. However, for now, BlackRock is basking in its glory at the top.</p>

BlackRock Edges Out Grayscale Crypto ETFs, But There's a Twist

Table of Contents

U_Today

Other articles published on Aug 16, 2024

Ripple Set to Transform Global Finance, Significant Factors Support XRP’s Future Dominance

Uniswap Foundation Reports $36.81M in Reserves and $3.22M in New Grants for Q2

Swapzone vs. Centralized Exchanges: Pros and Cons for Crypto Traders

Markets Rally as Cryptos Rebound

Vanguard CEO Reiterates Firm Won’t Compete In The Crypto ETF Market

Chainlink Data Streams and VRF Launch on Base, Boosting DeFi and dApp Capabilities

Join our free newsletter for daily crypto updates!