BlackRock Takes Over Grayscale As The Largest Digital Asset Fund Manager With $22B Holdings

The post BlackRock Takes Over Grayscale As The Largest Digital Asset Fund Manager With $22B Holdings appeared first on Coinpedia Fintech News

BlackRock has taken over Grayscale as the largest digital asset fund manager in AUM. As highlighted by James Butterfill, BlackRock now holds over $22 billion in crypto, while Grayscale nears $21 billion. Butterfill points to $2.3 billion in outflows from ETHE as a key factor in this transition. Meanwhile, BlackRock has seen significant inflows, with $966 million netted for its spot Ethereum ETF. The competition between Grayscale and BlackRock narrows, with a $1.5 billion gap in their Bitcoin ETFs. GBTC leads with $18.7 billion in AUM, but ongoing outflows have allowed BlackRock’s IBIT to close in with $17.2 billion.