Bitcoin, Ether Held in BlackRock ETFs Cross Those of Grayscale’s for the First Time

BlackRock’s
spot
bitcoin
(BTC)
and
ether
(ETH)
exchange-traded
funds
(ETFs)
have
flipped
Grayscale’s
products
for
the
first
time
to
become
the
largest
crypto-focused
publicly
traded
funds
in
terms
of
assets
under
management.

BlackRock’s
bitcoin
ETF,
IBIT,
and
ether
ETF,
ETHA,
overtook
Grayscale’s
GBTC,
BTC
Mini,
ETHE
and
ETH
Mini,
according
to
on-chain
holdings
on
Friday.
The
company’s
ETFs
now
have
the
largest
collective
holdings
of
any
provider,
on-chain
analysis
tool
Arkham
said
in
an
X
post.