BlackRock ETF Holdings Overtake Grayscale for the First Time, Now Have the Largest Collective Holdings of Any Provider-web3.0-php.cn

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BlackRock ETF Holdings Overtake Grayscale for the First Time, Now Have the Largest Collective Holdings of Any Provider

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Aug 20, 2024 am 06:31 AM

BlackRock Bitcoin ETF Grayscale Arkham

According to blockchain intelligence firm Arkham, BlackRock's ETF holdings have outpaced that of rival and longtime crypto ETF leader Grayscale.

BlackRock ETF Holdings Overtake Grayscale for the First Time, Now Have the Largest Collective Holdings of Any Provider

Investment management giant BlackRock has quietly become the biggest crypto exchange-traded fund (ETF) provider in the United States by assets under management (AUM).

According to data from blockchain intelligence firm Arkham, BlackRock’s ETF holdings have outpaced that of rival and longtime crypto ETF leader Grayscale.

BlackRock’s iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust ETF (ETHA) now collectively represent $14.6 million more in on-chain holdings than Grayscale’s Bitcoin Trust (GBTC), Grayscale Ethereum Trust (ETHE), Bitcoin Mini Trust (BTC) and Ethereum Mini Trust (ETH).

“Blackrock ETF holdings overtake Grayscale for the first time.

Blackrock ETFs now have the largest collective holdings of any provider.

BlackRock ETF Holdings: $21,217,107,987

Grayscale ETF Holdings: $21,202,480,698.”

Arkham notes that the Grayscale Digital Large Cap Fund (GDLC) is not included in the comparison because the fund is not an ETF.

“N.B. Our ‘Grayscale’ entity still shows a higher balance than ‘BlackRock’. This is mainly due to Grayscale’s fund GDLC, which has around $460 million in AUM and is not an ETF.”

BlackRock is already the world’s third-biggest BTC holder. Bloomberg ETF analyst Eric Balchunas says the asset manager is also on track to hold more Bitcoin than the crypto asset’s pseudonymous creator, Satoshi Nakamoto.

“BlackRock alone is already #3 and on pace to be #1 late next year, and will likely stay there for a very long time.”

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The post BlackRock Now Biggest Crypto ETF Provider in US, Surpassing Grayscale: On-Chain Data appeared first on The Daily Hodl.

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