Advertise

BlackRock ETF Holdings Surpass Grayscale’s

 
Ritu Lavania
Written By 
Ritu Lavania
August 16, 2024
Ether ETF Volumes Surge Past $1B on Launch Day: Grayscale Leads, Will BlackRock Topple Grayscale?

BlackRock’s ETF holdings have surpassed Grayscale ETF holdings for the first time. As per the cryptocurrency and blockhain intelligence platform, Arkham BlackRock’s IBIT and ETHA have just overtaken Grayscale’s ETFs GBTC, BTC Mini, ETHE and ETH Mini in on-chain holdings.

BlackRock ETFs now have the largest collective holdings of any provider with a BlackRock ETF holding amounting to $21,217,107,987. Meanwhile, Grayscale ETF holdings are $21,202,480,698.

Grayscale’s ETF holdings include 2.292M ETH and  264.921K BTC and BlackRock’s ETF holdings include 347.44K BTC and 312.122K ETH.

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

Crypto ETF holdings have increasingly become a safe bet for government institutions and corporations as well. Recently, Goldman Sachs revealed its biggest bitcoin ETF position which is a $238 million stake in BlackRock’s Ishares Bitcoin Trust (IBIT).

As the world tussles with geo-political tensions, wars and growing inflation, institutions and individual investors too, have found ‘fairness and faith’ in decentralized cryptocurrencies.

Crypto degens are surrounded by frenzy as big players are seen competing with their holdings.Many users on Crypto Twitter have pointed out that with this pace, institutions might soon topple Satoshi Nakamoto’s holdings whose 1.1 Million BTC holding currently remains untouched.

 

See more
Ritu Lavania
Written by Ritu Lavania

Ritu Lavania is a versatile Web3 content creator with over three years of experience in the crypto space. She is part of the team at CryptoNewsZ, where she writes insightful and engaging content. She has also contributed to TheCryptoTimes and The Coin Edition, where her work has been well received by the crypto community. Skilled in research, creative writing, SEO, and cross-functional collaboration, she creates content tailored to diverse audiences. Passionate about education, she dedicates time to teaching kids and expressing herself through poetry. Always eager to learn, she continuously explores new trends in blockchain and digital assets. She believes in the power of storytelling to make complex crypto topics more accessible and engaging for readers worldwide.