BlackRock’s IBIT Bitcoin Asset Officially Surpasses Grayscale GBTC
As of May 28th, the net asset value of BlackRock’s IBIT exceeded Grayscale’s GBTC, reaching $19.68 billion compared to GBTC’s $19.65 billion. This marks the end of Grayscale’s reign as the largest Bitcoin spot ETF.
Furthermore, data shows that on May 28th, GBTC experienced a net outflow of $100 million, while IBIT saw a net inflow of $100 million, resulting in an overall net inflow of $45 million, a significant decrease compared to recent days. The price of Bitcoin also dropped below $68,000.
GBTC
IBIT
Bitcoin
Further reading:
Over 400 13F reports hold BlackRock’s IBIT, Morgan Stanley holds nearly $270 million in GBTC.
13F reports: 169 asset management companies purchased BlackRock’s IBIT, SIG holds nine Bitcoin ETFs with a total value of £1.3 billion.
