BlackRock’s $20 billion spot Bitcoin ETF recorded inflows of over $102 million on May 28, while Grayscale’s ETF bled again.
BlackRock’s spot Bitcoin exchange-traded fund has reportedly surpassed the Grayscale Bitcoin Trust (GBTC) as the world’s largest exchange-traded fund tracking the price of Bitcoin.
As of the end of trading on May 28, BlackRock’s iShares Bitcoin Trust, known as IBIT, recorded $102.5 million in inflows, while GBTC registered a $105 million outflow.
The inflow is reported to have brought BlackRock’s spot Bitcoin ETF to a total of 288,670 Bitcoin (BTC) held, compared to Grayscale, which now holds 287,450 Bitcoin, despite beginning at 620,000 Bitcoin at the time of its conversion in January, according to data from HODL15Capital and the Apollo Bitcoin Tracker.
