Could Blackrock Outperform Grayscale’s Ethereum Holdings Through Ethereum ETFs
Contributor
- BlackRock has overtaken Grayscale in ETF holdings for the first time.
- BlackRock’s ETFs reached $21,217,107,987, while Grayscale’s ETFs were at $21,202,480,698 at press time.
BlackRock’s ETFs have reached a historic inflection point, overtaking Grayscale ETFs for the first time. According to an X-post (formerly Twitter) by Arkham Intelligence
“Rocket ETF holdings overtake Grayscale for the first time. BlackRock’s IBIT and ETHA ETFs have just overtaken Grayscale’s GBTC, BTC Mini,
ETHE,
and ETH Mini
ETFs in on-chain holdings. BlackRock’s ETS now have the largest combined holdings of any provider.”
This development positions BlackRocks as the leader in the ETf market having overtaken Grayscle which has been a dominant player long been the dominant player.
Source: Coinglass
The crypto currency market seen significant movements int ETf flows since this news broke. Notably spot Bitcoin is [BTC] saw a net inflow of appoximiatly $35.9 million with notalble contributions from Fidelity ($61.3) million and BlackRocks ($20.4 million). Meanwhile grayscale Bitcoin trust (GBTC) outflowed 72.9 million this trend signifies potential vulnerabilities worth moitoring. Ethereum [ETH] also major actitivity with Ethereum investors seeking exposure through grandmother investments. The total net inflow for ETH spot etfs was 7 billion
The shift in preference between BlockRock and Greyscale can have significant impact on cryptocurrencies especially investor confidence Increased demand for deriative products Demand/ issuance of EtFs ranging year
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