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BlackRock's Crypto ETFs Surpass Grayscale in AUM with $21.6B, $17B Inflows
Aug 18, 2024, 08:16 AM
BlackRock's cryptocurrency exchange-traded funds (ETFs) have surpassed Grayscale in total assets under management, with BlackRock's IBIT and ETHA funds holding $21.6 billion. This marks a significant shift in the ETF landscape, as BlackRock's funds now exceed Grayscale's $21.3 billion across its four funds. The second quarter of 2024 saw increased institutional interest in spot Bitcoin ETFs, with major U.S. banks and investment advisors boosting their holdings. Weekly inflows into Bitcoin ETFs totaled $32.4 million, while Ethereum ETFs experienced outflows of $14.1 million. Notably, BlackRock's Bitcoin ETF, IBIT, continues to attract significant investment, contributing to $17 billion in net inflows since its launch, making it one of the most successful ETF launches to date.
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