{"id":13907,"date":"2024-05-29T16:03:01","date_gmt":"2024-05-29T13:03:01","guid":{"rendered":"https:\/\/forklog.com\/en\/blackrocks-spot-bitcoin-etf-surpasses-grayscale-in-aum\/"},"modified":"2024-05-29T16:03:01","modified_gmt":"2024-05-29T13:03:01","slug":"blackrocks-spot-bitcoin-etf-surpasses-grayscale-in-aum","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/blackrocks-spot-bitcoin-etf-surpasses-grayscale-in-aum\/","title":{"rendered":"BlackRock&#8217;s Spot Bitcoin ETF Surpasses Grayscale in AUM"},"content":{"rendered":"<p>BlackRock&#8217;s spot Bitcoin exchange-traded fund (ETF) has surpassed <span data-descr=\"Grayscale Bitcoin Trust ETF\" class=\"old_tooltip\">GBTC<\/span> from Grayscale in assets under management (AUM). With a figure of $19.68 billion, the Wall Street giant&#8217;s instrument has become the largest in the segment.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/d5sjRCdKMgxOQcOme32tIifJNWBHsgcVc_AfnNkCwGgr5FyBJXy1ufRZB109dGSbMhRkEQMuHQ6IlXWILHwrtMkt6kiRGsb7VdDqYK_fRJG4xnOTmsjiPEUhE8jSc5MFKm7C7V4Z6ZVNCm1wlTZl0-4\" alt=\"\u0421\u043f\u043e\u0442\u043e\u0432\u044b\u0439 \u0431\u0438\u0442\u043a\u043e\u0438\u043d-ETF \u043e\u0442 BlackRock \u043e\u043f\u0435\u0440\u0435\u0434\u0438\u043b \u043f\u043e AUM \u0444\u043e\u043d\u0434 Grayscale\u00a0\"\/><figcaption class=\"wp-element-caption\">GBTC and IBIT metrics. Data: <a href=\"https:\/\/sosovalue.xyz\/assets\/etf\/us-btc-spot\">SoSoValue<\/a>.<\/figcaption><\/figure>\n<p>By the end of trading on May 28, IBIT gained $103 million, while GBTC recorded an outflow of $105 million. The total net inflow into American spot Bitcoin ETFs amounted to $45.14 million.<\/p>\n<p>It took BlackRock&#8217;s fund 96 days to overtake the previous leader. According to HODL15Capital, at the launch of the products in January, IBIT managed 2621 BTC, and currently, it holds 288,670 BTC.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\u2705 Ladies &#038; Gentlemen!! The Bitcoin ETF flippening ?<a href=\"https:\/\/twitter.com\/BlackRock?ref_src=twsrc%5Etfw\">@BlackRock<\/a> &#8216;s Bitcoin ETF, <a href=\"https:\/\/twitter.com\/search?q=%24IBIT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$IBIT<\/a> overtook <a href=\"https:\/\/twitter.com\/Grayscale?ref_src=twsrc%5Etfw\">@Grayscale<\/a> &#8216;s <a href=\"https:\/\/twitter.com\/search?q=%24GBTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$GBTC<\/a> <a href=\"https:\/\/t.co\/EJI0aAPim9\">pic.twitter.com\/EJI0aAPim9<\/a><\/p>\n<p>\u2014 HODL15Capital ?? (@HODL15Capital) <a href=\"https:\/\/twitter.com\/HODL15Capital\/status\/1795626922174746867?ref_src=twsrc%5Etfw\">May 29, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Meanwhile, Grayscale&#8217;s AUM decreased from 619,200 BTC to 287,450 BTC.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;A new king of Bitcoin ETFs has emerged, and it is BlackRock,&#8221; wrote HODL15Capital.<\/p>\n<\/blockquote>\n<p>Recent reports showed that in the first quarter, some other BlackRock funds added the company&#8217;s ETF to their portfolios.\u00a0<\/p>\n<p>According to documents for the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> dated May 28, BlackRock&#8217;s Strategic Income Opportunities Fund (BSIIX) <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1738078\/000175272424120138\/BLK_Strat_Inc_Opps.htm\">acquired<\/a> IBIT worth $3.56 million, while the Strategic Global Bond Fund (MAWIX) <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/835620\/000175272424120454\/NPORT_896K_32142591_0324.htm\">made a purchase of $485,000.<\/a><\/p>\n<p>Both instruments are managed by the stock giant&#8217;s global fixed income chief investment officer, Rick Rieder.<\/p>\n<p>Since the start of trading spot exchange-traded funds based on Bitcoin, the asset has grown by approximately 47%. At the time of writing, the price of the first cryptocurrency is $67,900.\u00a0<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/6IXxGD7XqeyZJ-d3RA_KTf4luGSX4jg2ZWBWwVwTk0uWJt1bKh1vdS3B3Ho_0RqRTCHk_2DA4Y1SkB6LC4IZqd5vK4gsi03bJem_4y-djhj6O1WMPGVxVjzrkSVZSwtmxwKS0XRk0ujvGoaur4aQrZE\" alt=\"\u0421\u043f\u043e\u0442\u043e\u0432\u044b\u0439 \u0431\u0438\u0442\u043a\u043e\u0438\u043d-ETF \u043e\u0442 BlackRock \u043e\u043f\u0435\u0440\u0435\u0434\u0438\u043b \u043f\u043e AUM \u0444\u043e\u043d\u0434 Grayscale\u00a0\"\/><figcaption class=\"wp-element-caption\">Daily BTC\/USDT chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Previously, MicroStrategy founder Michael Saylor noted that 32 exchange-traded funds based on various digital assets have accumulated over 1 million BTC under management. This accounts for about 5% of the total Bitcoin supply.\u00a0<\/p>\n<p>On May 23, the SEC approved 19b-4 applications from issuers of spot exchange-traded funds based on Ethereum.<\/p>\n<p>Standard Chartered&#8217;s head of research, Geoffrey Kendrick, predicted a new phase for crypto ETFs in 2025. In his view, SOL and XRP are next in line.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock&#8217;s spot Bitcoin exchange-traded fund (ETF) has surpassed GBTC from Grayscale in assets under management (AUM). With a figure of $19.68 billion, the Wall Street giant&#8217;s instrument has become the largest in the segment. GBTC and IBIT metrics. Data: SoSoValue. By the end of trading on May 28, IBIT gained $103 million, while GBTC recorded [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13906,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,865,569,943],"class_list":["post-13907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-blackrock","tag-etf","tag-grayscale-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/13907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=13907"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/13907\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/13906"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=13907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=13907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=13907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}