Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»BlackRock’s ETF Surpasses Grayscale in Assets, Becomes New Crypto Fund King: Arkham
ADOPTION NEWS

BlackRock’s ETF Surpasses Grayscale in Assets, Becomes New Crypto Fund King: Arkham

By Crypto FlexsAugust 17, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BlackRock’s ETF Surpasses Grayscale in Assets, Becomes New Crypto Fund King: Arkham
Share
Facebook Twitter LinkedIn Pinterest Email
Market • August 17, 2024 3:08 PM EDT

Posted 1 minute earlier ~ in

BlackRock, the world’s largest asset manager, recently achieved a new milestone: its digital asset exchange-traded fund (ETF) surpassed Grayscale, the longtime leader in total assets under management.

BlackRock only offers two funds — IBIT (spot bitcoin) and ETHA (spot ether) — but according to blockchain intelligence firm Arkham, the two funds have combined assets under management (AUM) of $21.6 billion, slightly more than the $21.3 billion held by Grayscale’s four funds (GBTC, BTC Mini, ETHE, ETH mini).

Morgan Stanley recently said it sold off nearly all of its $269.9 million position in GBTC and now owns 5.5 million shares of IBIT, worth about $187.1 million at current prices. Goldman Sachs also said last week that it owns 7 million shares of IBIT, worth about $235 million at current prices, but also owns about $35 million worth of Grayscale’s convertible fund and about $150 million worth of other spot bitcoin ETF shares.

Nate Geraci, president of investment advisory firm The ETF Store, noted on X that BlackRock’s IBIT spot Bitcoin ETF has only had one day of net outflows since launch. Data from SoSoValue supports Geraci’s assertion, but the ETF has had 26 days of no net inflows or outflows to date.

While IBIT is significantly ahead of Grayscale’s spot Bitcoin ETF, BlackRock’s spot Ethereum product, ETHA, is only the third-largest fund by assets under management, according to SoSoValue data. ETHA has yet to see negative outflows, but has had four days of net zero trading since its launch on July 22, nearly a month ago.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Below are the current financial disclosures.

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

XRP price gains strength again as bulls aim for 10% surge.

December 26, 2023

Four analysts predict that altcoins are gearing up for an explosive bull market.

April 29, 2024

Analysts predict a 21,700% rise to $17.

June 9, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.