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As of the latest data, BlackRock's ETFs collectively manage over $21.217 billion, slightly more than Grayscale's $21.202 billion.
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Recent flows show GBTC experiencing outflows, while BlackRock's ETHA saw inflows, contributing to this shift.
BlackRock's bitcoin ETF, IBIT, and ether ETF, ETHA, overtook Grayscale's GBTC, BTC Mini, ETHE and ETH Mini, according to on-chain holdings on Friday. The company's ETFs now have the largest collective holdings of any provider, on-chain analysis tool Arkham said in an X post.
As of Friday, BlackRock's ETF Holdings cumulatively held over $21.217 billion, compared to Grayscale's $21.202 billion across its ETFs.
Flows data shows GBTC recorded outflows of $25 million on Thursday, while BlackRock had no net inflows or outflows. Grayscale's ETHE recorded $42 million in net outflows, while BlackRock's ETHA took on $740,000 in net inflows, SoSoValue data shows.
IBIT became the biggest bitcoin ETF by assets under management in May, topping the $20 billion mark in June after their January release. Grayscale's GBTC have lost $19.57 billion worth of BTC since January, data shows.
