GET 10% OFF ON YOUR FIRST ORDER. FOR A LIMITED TIME ONLY. Use code: WELCOME on checkout

BlackRock Overtakes Grayscale To Become The Largest Bitcoin Fund In The World With $20 Billion AUM

American multinational investment company BlackRock, has recently achieved a monumental milestone, recording over $20 billion in total assets. The BlackRock Spot Bitcoin ETF has successfully surpassed Grayscale to become the largest Bitcoin fund in the world. 

BlackRock Overtakes Grayscale 

BlackRock iShares Bitcoin Trust has recently become the world’s largest Bitcoin fund, overtaking its primary rival, Grayscale Bitcoin Trust (GBTC)

As of Tuesday, May 28, BlackRock’s Spot Bitcoin ETF held around $19.68 billion in Assets Under Management (AUM), overthrowing Grayscale’s Bitcoin ETF with $19.65 billion and surpassing the third largest, Fidelity Investments, which recorded $11.1 billion in AUM. Over the past two days, BlackRock has recorded more inflows, pushing its AUM to more than $20 billion presently. 

Following the launch of its Spot Bitcoin ETF on January 11, Grayscale has consistently recorded massive outflows worth billions of dollars. For years, the asset management company was the world’s largest Bitcoin fund, reaching a peak of about $44 billion in 2021. 

However, since its conversion into an ETF at the beginning of 2024, investors have pulled out almost $18 billion from Grayscale’s Bitcoin fund. On May 3, GBTC recorded its first inflow, receiving approximately $63 million, and effectively ending its 82-day streak of outflows. 

Its previous outflows had already significantly weakened Grayscale’s position as the largest Bitcoin ETF. In contrast, BlackRock’s Spot Bitcoin ETF has been recording millions of inflows since its launch, making it unsurprising that IBIT has eventually surpassed Grayscale’s GBTC.

BlackRock has only recorded a handful of outflows and minimal zero flows. Its highest recorded inflow occurred on March 12, with IBIT gathering approximately $849 million in a single day. Additionally, BlackRock’s Spot Bitcoin ETF witnessed its first outflow on May 1, losing about $36.9 million. On the same day, Grayscale had reported outflows of more than $167 million. 

Investors are likely favoring BlackRock’s Spot Bitcoin ETF due to its relatively affordable ETF management fees, which decreased from 0.30% to 0.25%. On the other hand, Grayscale has the highest ETF management fees among all the 11 approved United States Spot Bitcoin ETFs. 

While the asset management company has promised to slash fees, Grayscale’s Bitcoin Trust’s current ETF management fees remain as high as 1.5% annually.

Still Leading Spot Bitcoin ETF Net Inflows

According to Farside data, for the past week, BlackRock has been leading the Spot Bitcoin ETF race, recording the most inflows out of the 11 Spot Bitcoin ETFs. 

Excluding May 27, when all United States Spot Bitcoin ETFs saw zero flows, BlackRock recorded a total of $127.1 million for the first two days. BlackRock’s Bitcoin Trust saw $102.5 million in inflows on Wednesday, while Grayscale’s Spot Bitcoin ETF witnessed outflows of $105.2 million. Currently, Grayscale is still recording more outflows, losing $31.1 million as of writing.

Bitcoin price chart from Tradingview.com (BlackRock Grayscale)

Latest Press

post-thumbnail
News
15 minutes ago
Crypto Investors Liquidate As Altcoins Tumble, Turn to PEPETO Instead
The post Crypto Investors Liquidate As Altcoins Tumble, Turn to PEPETO Instead appeared first on Coi...
READ MORE
default post thumbnail
News
15 minutes ago
Solana Faces Key Test – What Happens Next Could Be Game-Changing
Crypto analyst Ali Martinez has highlighted a crucial moment for the price action of Solana, pointin...
READ MORE
default post thumbnail
News
15 minutes ago
XRP Bull Targets $2.80 Breakout — Key Levels To Consider
According to data from CoinMarketCap, XRP recorded a substantial price decline in the past trading w...
READ MORE
default post thumbnail
News
15 minutes ago
Dogecoin Hits Weekly Support Trendline, Analyst Signals Cycle Bottom Is In
Recent price decline action has seen Dogecoin rebounding at a recent multi-month low after the entir...
READ MORE
default post thumbnail
News
15 minutes ago
Ethereum’s Bull Run, XRP’s Soaring Price & BlockDAG’s FINALCALL700—Which Crypto Will Dominate Feb 2025?
Scarcity, momentum, and regulation are key forces driving cryptocurrency investments. Ethereum’s p...
READ MORE
default post thumbnail
News
15 minutes ago
Best Crypto Coins to Invest in Now: 9 Hot Picks for Both Quick Wins in 2025 and Long-Term Profits.
Smart investors seek the next major winners as the crypto sector prepares for a spectacular 2025. Al...
READ MORE
default post thumbnail
News
15 minutes ago
Solana (SOL) & Cardano (ADA) Face Pressure While BitLemons ($BLEM) Emerges As 2025’s Next 100x Gem
As leading smart contract platforms navigate market turbulence, BitLemons ($BLEM) continues to attra...
READ MORE
default post thumbnail
News
15 minutes ago
Meme Coins Are Losing Steam—This AI-Powered Blockchain Token Is Gaining Investor Trust
Meme coins have long been a source of excitement and speculation in the crypto market, often deliver...
READ MORE
default post thumbnail
News
15 minutes ago
Late to BlockDAG? Its FINALCALL700 350% Bonus The Only Way to Catch Up! XRP & Ethereum Inflows Rise
ETH, despite its recent price struggles, just saw $740 million in Ethereum inflows, a clear signal t...
READ MORE
default post thumbnail
News
15 minutes ago
Tron (TRX) Predicted to Flip Cardano (ADA), But Not Before This $0.20 ADA Killer.
The crypto market can be chaotic and fast-paced, with blockchain platforms constantly vying for posi...
READ MORE

Publish an article now

Unlock the power of media for instant visibility to the target audience, major SEO boost, greater website traffic and conversion rates.

click here to get started