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BlackRock’s IBIT Overtakes Grayscale as Largest Bitcoin Fund

The post BlackRock’s IBIT Overtakes Grayscale as Largest Bitcoin Fund appeared first on Coinpedia Fintech News

Black Rock’s spot ETF, IBIT, has become the largest Bitcoin fund, surpassing Grayscale’s GBTC to reach nearly $20 billion in AUM. IBIT achieved this milestone on May 28, recording inflows of more than $100 million. BTC’s price hiked by 1%, whereas Grayscale’s AUM declined to $19.75 billion amid net outflows. Additionally, BlackRock added $4.1 million of IBIT shares to other funds, strengthening market dominance.

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