tl;dr
BlackRock Inc. has seen significant adoption of its iShares Bitcoin Trust (IBIT), making it the largest Bitcoin fund, surpassing Grayscale's GBTC. As of May 30, IBIT has gathered an impressive Asset Under Management (AUM) of nearly $19.79 billion. It has retained its leading position in the ETF mark...
BlackRock Inc.'s iShares Bitcoin Trust (IBIT) becomes the biggest Bitcoin fund, surpassing Grayscale's GBTC.
As of May 30, IBIT has gathered an impressive Asset Under Management (AUM) of nearly $19.79 billion. It has retained its leading position in the ETF market with consistent inflows, holding over 300,000 BTC valued at approximately $18.4 billion. In contrast, Grayscale's GBTC experienced a decline in AUM. Other spot Bitcoin ETF issuers have also seen positive flows, with Fidelity Investments leading the influx.
Spot Ethereum ETFs approved by the SEC, with amendments from eight filers showing commitment to compliance.
VanEck has taken a step further by filing for a spot Ethereum ETF, and there is also emerging news about Solana ETFs in the crypto ecosystem.
BlackRock Inc.'s IBIT as biggest Bitcoin fund
According to a new filing with the United States Securities and Exchange Commission (SEC), BlackRock’s Global Allocation Fund owned a total of 43,000 IBIT shares as of April 30. This is followed by two additional filings that BlackRock made on May 28. With all these acquisitions, BlackRock’s IBIT has bagged the position of the biggest Bitcoin fund amongst its counterparts, even overtaking Grayscale GBTC.
As of May 30, BlackRock’s spot Bitcoin ETF IBIT has amassed an impressive Asset Under Management (AUM) of nearly $19.79 billion.
On Tuesday, BlackRock’s IBIT registered zero inflows, which shows neutral interest from their institutional clients. However, its trading volume hit $1 billion as key competitors registered outflows. BlackRock’s IBIT currently has more than 300,000 BTC in AUM and the holding is currently valued at approximately $18.4 billion based on the market value of the coin at this time.
More spot crypto ETFs in the industry
Spot Ethereum ETFs have been approved by the United States SEC, but it is yet to commence trading. The regulator has received S-1 amendments from eight of the Ethereum ETF filers. One of the investment asset management firm VanEck recently took its filing a step further by filing Form 8-A for the spot Ethereum ETF. Then there is the latest ETF news in the crypto ecosystem featuring Solana ETFs.