Bitcoin ETF

Supremacy

BlackRock

<h2 id="key-points">Key Points</h2>
<ul>
 <li>BlackRock’s IBIT fund is gradually closing the gap with Grayscale’s GBTC fund in terms of assets under management (AUM).</li>
 <li>Grayscale’s GBTC fund has been experiencing consistent capital outflows, while BlackRock’s fund has been seeing inflows.</li>
</ul>
<p>Three months have passed since spot bitcoin ETFs started trading, and BlackRock’s fund seems to be rapidly catching up with Grayscale’s.</p>
<h2 id="blackrock-s-steady-growth">BlackRock’s Steady Growth</h2>
<p>As per Trackinsight data, as of a recent Tuesday, BlackRock’s IBIT fund had $18.2 billion in AUM, while Grayscale’s fund had $23.2 billion.</p>
<p>Grayscale’s GBTC fund, which levies a higher fee than BlackRock’s, has been consistently losing capital since its inception. Conversely, BlackRock’s ETF has been gradually reducing the AUM gap.</p>
<h2 id="decline-in-grayscale-s-aum">Decline in Grayscale’s AUM</h2>
<p>Two months prior, Grayscale’s fund had about $23.4 billion in AUM compared to BlackRock’s $4.4 billion. Grayscale’s ETF, which started with nearly $30 billion in AUM, has been witnessing a decline in its AUM. This could be partly attributed to Genesis selling GBTC shares, according to Eric Balchunas, a senior ETF analyst at Bloomberg.</p>
<p>Grayscale’s fund has also been gradually losing market share in terms of trading volume, down from about 50% when the spot <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> ETFs were launched on Jan. 11 to 23.5% as of a recent Tuesday.</p>
<p>On a particular Tuesday, Grayscale’s fund experienced $154.9 million in outflows, while BlackRock’s fund received $128.7 million in inflows.</p>
<p>Fidelity’s spot bitcoin ETF is currently third in trading volume market share and AUM.</p>

BlackRock Steps Up Competition with Grayscale in the Fight for Bitcoin ETF Supremacy

Tabla de contenidos

crypto.ro global

Otros artículos publicados el 10 abr 2024

Ripple CEO Buzzes Over Growing XRP Ledger Community at Blockbuster Event

AI Token Render (RNDR) Jumps 140% in Large Transactions, Here's Price Reaction

XRP Price Prediction for April 10

Pendle (PENDLE) Rockets Over 36% in a Week Amid Heavy Whale Activity

Octoblock Hosts Massive Giveaway During Presale Bringing Excitement To Dogecoin Holders

Ethereum-Based Crypto Ethena Defies Market Downturn with Price Surge

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!