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Apr 23, 10:45 AM
BlackRock's Bitcoin ETF Nears 274K BTC, Challenges Grayscale Amid $35M Decrease
Crypto

BlackRock's Bitcoin ETF Nears 274K BTC, Challenges Grayscale Amid $35M Decrease

Authors
  • Bitcoin.com News
  • zerohedge
  • The Block
15

BlackRock's Bitcoin ETF has seen significant growth, marking 70 consecutive days of inflows, nearing Grayscale's holdings with a current total of 273,596 BTC valued at approximately $18.16 billion. This growth is part of a broader trend in the cryptocurrency ETF market, where BlackRock added 456 BTC worth around $30.24 million recently. In contrast, Grayscale's ETF decreased by 1,429 BTC, lowering its holdings to 304,970 BTC valued at $20.24 billion, and experienced a net decrease of $35.0 million. The market dynamics show a shifting preference among investors, with BlackRock's ETF potentially overtaking Grayscale's by the end of the month. Additionally, the overall Bitcoin ETF sector experienced net inflows of $62.2 million on a single day, with significant contributions from Fidelity ($34.8 million), Ark ($22.6 million), and other major players.

Written with ChatGPT (GPT-4).

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