{"id":16187,"date":"2024-08-18T15:25:36","date_gmt":"2024-08-18T12:25:36","guid":{"rendered":"https:\/\/forklog.com\/en\/blackrocks-crypto-funds-surpass-grayscales-etfs-in-asset-volume\/"},"modified":"2024-08-18T15:25:36","modified_gmt":"2024-08-18T12:25:36","slug":"blackrocks-crypto-funds-surpass-grayscales-etfs-in-asset-volume","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/blackrocks-crypto-funds-surpass-grayscales-etfs-in-asset-volume\/","title":{"rendered":"BlackRock&#8217;s Crypto Funds Surpass Grayscale&#8217;s ETFs in Asset Volume"},"content":{"rendered":"<p>BlackRock&#8217;s cryptocurrency exchange-traded funds have surpassed Grayscale&#8217;s products in total assets under management, according to Arkham Intelligence data.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">BLACKROCK ETF HOLDINGS OVERTAKE GRAYSCALE FOR THE FIRST TIME<\/p>\n<p>BlackRock\u2019s ETFs IBIT and ETHA have just overtaken Grayscale\u2019s ETFs GBTC, BTC Mini, ETHE and ETH Mini in on-chain holdings.<\/p>\n<p>Blackrock ETFs now have the largest collective holdings of any provider.<\/p>\n<p>BlackRock ETF\u2026 <a href=\"https:\/\/t.co\/PB41LEGc97\">pic.twitter.com\/PB41LEGc97<\/a><\/p>\n<p>\u2014 Arkham (@ArkhamIntel) <a href=\"https:\/\/twitter.com\/ArkhamIntel\/status\/1824402549744734230?ref_src=twsrc%5Etfw\">August 16, 2024<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Just two BlackRock funds \u2014 IBIT and ETHA \u2014 have reached an <span data-descr=\"assets under management\" class=\"old_tooltip\">AUM<\/span> of $21.21 billion, making the asset management giant a leader in the sector.<\/p>\n<p>Grayscale has four cryptocurrency ETFs \u2014 GBTC, BTC Mini, ETHE, and ETHE Mini. Their AUM amounts to $21.20 billion.<\/p>\n<p>Nate Geraci, President of The ETF Store, noted that since the <a href=\"https:\/\/forklog.com\/en\/news\/sec-approves-all-11-spot-bitcoin-etf-applications\">launch<\/a> of BlackRock&#8217;s bitcoin ETF in January, it has experienced a net outflow on only one day \u2014 May 1 (-$36.93 million).<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">iShares Bitcoin ETF has *one* day of outflows since launching in January\u2026<\/p>\n<p>One day.<\/p>\n<p>$20.5bil inflows.<\/p>\n<p>Top launch of 2024.<\/p>\n<p>This is exactly what \u201cno demand\u201d looks like.<\/p>\n<p>via <a href=\"https:\/\/twitter.com\/thomas_fahrer?ref_src=twsrc%5Etfw\">@thomas_fahrer<\/a> <a href=\"https:\/\/t.co\/k11aDKGudM\">pic.twitter.com\/k11aDKGudM<\/a><\/p>\n<p>\u2014 Nate Geraci (@NateGeraci) <a href=\"https:\/\/twitter.com\/NateGeraci\/status\/1824630088945537191?ref_src=twsrc%5Etfw\">August 17, 2024<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>His observations are confirmed by data from <a href=\"https:\/\/sosovalue.com\/bigChart\/Etf_NASDAQ_IBIT?title=iShares%20Bitcoin%20Trust(IBIT)&#038;coin=BTC\">SoSoValue<\/a>.<\/p>\n<p>While IBIT significantly leads in the first cryptocurrency segment, BlackRock&#8217;s ETHA <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-eth-spot\">ranks<\/a> third among Ethereum ETFs with a figure of $845.5 million.<\/p>\n<p>Earlier, investment bank Goldman Sachs and trading firm DRW Holdings reported in filings to the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> the addition of cryptocurrency-related exchange-traded funds to their portfolios.<\/p>\n<p>According to Bitwise, from April to June, 44% of asset managers increased their investments in spot bitcoin ETFs. Another 22% maintained their previous position size.<\/p>\n<p>Back in July, asset manager Franklin Templeton filed an S-1 application for a &#8220;dual&#8221; crypto ETF. At the end of July, Hashdex submitted a similar document.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock&#8217;s cryptocurrency exchange-traded funds have surpassed Grayscale&#8217;s products in total assets under management, according to Arkham Intelligence data. BLACKROCK ETF HOLDINGS OVERTAKE GRAYSCALE FOR THE FIRST TIME BlackRock\u2019s ETFs IBIT and ETHA have just overtaken Grayscale\u2019s ETFs GBTC, BTC Mini, ETHE and ETH Mini in on-chain holdings. Blackrock ETFs now have the largest collective holdings [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16186,"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":[865,569,943],"class_list":["post-16187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blackrock","tag-etf","tag-grayscale-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16187","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=16187"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16187\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/16186"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=16187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=16187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=16187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}