BlackRock Surpasses Grayscale in ETF Holdings for First Time

BlackRock's Historic Overtake of Grayscale in ETFs

For the first time in history, BlackRock's ETFs have surpassed Grayscale's ETFs, signaling a significant shift in the cryptocurrency investment landscape. According to data from Arkham Intelligence, BlackRock's ETFs, specifically IBIT and ETHA, have now exceeded Grayscale's GBTC, BTC Mini, ETHE, and ETH Mini in on-chain holdings. This means BlackRock now holds the largest collective ETF assets of any provider, a position Grayscale held for a long time.