BlackRock’s spot Bitcoin ETF could soon surpass the Grayscale Bitcoin Trust (GBTC) in Bitcoin held within 14 trading days, based on current rates.
The amount of Bitcoin in BlackRock’s spot Bitcoin ETF could overtake crypto asset manager Grayscale’s GBTC within the next three weeks, assuming no drastic changes in current flows.
As of March 22, BlackRock’s Bitcoin ETF held 238,500 Bitcoin (BTC) on its books — worth $15.5 billion at current prices, but has touted an average daily inflow of approximately $274 million — roughly 4,120 in new Bitcoin entering the fund every day.
Meanwhile, Grayscale’s Bitcoin Trust (GBTC) reports that it still holds an estimated 350,252 BTC — worth $23 billion at current prices. It has been experiencing an average daily outflow of roughly $277 million, or roughly 4,140 BTC daily, over the last fortnight.
