• BlackRock is now the largest digital asset fund manager with an AUM of $22 billion.
• Grayscale stands second with an AUM of $20.7 billion. 
• Grayscale charges much higher fees on its ETF compared to BlackRock.

BlackRock, the world’s largest asset management firm that recently entered the digital asset space with its iShares Bitcoin Trust (IBT) and iSharest Ethereum Trust (ETHA), has overtaken Grayscale as the largest digital asset fund manager, after significant inflows in its exchange-traded funds (ETFs) in the past few months. 

BlackRock’s spot Bitcoin ETF, IBIT, has witnessed a cumulative net inflow of a massive $20.37 billion since it won the United States Securities and Exchange Commission’s (SEC) approval in January. In the past 24 hours, the ETF has seen $2.68 million in inflows and the investment offering has net assets worth $20.55 billion, as per the data from SoSoValue. 

On the other hand, the Grayscale Bitcoin Trust (GBTC), which …

The post BlackRock is Now the Largest Digital Asset Fund Manager appeared first on Coin Edition.

• BlackRock is now the largest digital asset fund manager with an AUM of $22 billion.
• Grayscale stands second with an AUM of $20.7 billion. 
• Grayscale charges much higher fees on its ETF compared to BlackRock.

BlackRock, the world’s largest asset management firm that recently entered the digital asset space with its iShares Bitcoin Trust (IBT) and iSharest Ethereum Trust (ETHA), has overtaken Grayscale as the largest digital asset fund manager, after significant inflows in its exchange-traded funds (ETFs) in the past few months. 

BlackRock’s spot Bitcoin ETF, IBIT, has witnessed a cumulative net inflow of a massive $20.37 billion since it won the United States Securities and Exchange Commission’s (SEC) approval in January. In the past 24 hours, the ETF has seen $2.68 million in inflows and the investment offering has net assets worth $20.55 billion, as per the data from SoSoValue. 

On the other hand, the Grayscale Bitcoin Trust (GBTC), which …

The post BlackRock is Now the Largest Digital Asset Fund Manager appeared first on Coin Edition.