• BlackRock’s crypto ETFs have surpassed Grayscale’s holdings for the first time.
• BlackRock assets reach $21.22 billion compared to Grayscale’s $21.20 billion.
• Grayscale’s GBTC and ETHE continue to experience substantial outflows.

In a remarkable turn of events in the ETF market, BlackRock’s ETFs have overtaken Grayscale’s holdings. According to data from Arkham Intelligence, BlackRock’s ETFs—specifically IBIT (Bitcoin ETF) and ETHA (Ethereum ETF)—now hold more assets on-chain than Grayscale’s well-established funds, including GBTC (Grayscale Bitcoin Trust) and ETHE (Grayscale Ethereum Trust).

As of the latest update, BlackRock’s ETF holdings stand at an impressive $21.22 billion, narrowly surpassing Grayscale’s $21.20 billion. This marks the first time BlackRock’s collective holdings have exceeded those of Grayscale, which has long been a leading force in the cryptocurrency ETF space.

The post BlackRock ETFs Surpass Grayscale in On-Chain Holdings for the First Time appeared first on Coin Edition.

• BlackRock’s crypto ETFs have surpassed Grayscale’s holdings for the first time.
• BlackRock assets reach $21.22 billion compared to Grayscale’s $21.20 billion.
• Grayscale’s GBTC and ETHE continue to experience substantial outflows.

In a remarkable turn of events in the ETF market, BlackRock’s ETFs have overtaken Grayscale’s holdings. According to data from Arkham Intelligence, BlackRock’s ETFs—specifically IBIT (Bitcoin ETF) and ETHA (Ethereum ETF)—now hold more assets on-chain than Grayscale’s well-established funds, including GBTC (Grayscale Bitcoin Trust) and ETHE (Grayscale Ethereum Trust).

As of the latest update, BlackRock’s ETF holdings stand at an impressive $21.22 billion, narrowly surpassing Grayscale’s $21.20 billion. This marks the first time BlackRock’s collective holdings have exceeded those of Grayscale, which has long been a leading force in the cryptocurrency ETF space.

The post BlackRock ETFs Surpass Grayscale in On-Chain Holdings for the First Time appeared first on Coin Edition.