BlackRock’s ETF Holdings Surge by $14 Million, Outpacing Grayscale’s Market Share
BlackRock Takes the Lead in ETF Holdings
As of Friday, BlackRock's ETF (exchange-traded fund) has emerged as the largest collective holder in the financial market, surpassing Grayscale for the first time in on-chain holdings. The increasing interest in Bitcoin (BTC) and Ethereum (ETH) continues to drive institutional demand following the approvals of various ETFs. This trend exemplifies the growing confidence major investors have in these digital assets.
ETF Holdings Comparison
According to Arkham Intelligence, BlackRock's ETF holdings, namely IBIT and ETHA, have risen to $21,217,107,987 as of Friday. This notable surge allowed BlackRock to overtake Grayscale’s digital asset investments, which amounted to $21,202,480,698 at that time. However, it's important to note that Grayscale still retains a higher overall balance, thanks in part to its GDLC fund, which holds around $460 million in assets under management (AUM) and is not classified as an ETF.
The Future of Bitcoin ETFs
Trading for Bitcoin ETFs commenced on January 11, and in just seven months' time, BlackRock has become the third-largest holder of BTC. Bloomberg ETF analyst Eric Balchunas has forecasted that if the current growth trajectory holds, IBIT could potentially exceed Satoshi Nakamoto’s Bitcoin holdings by 2025.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.