IBIT may surpass GBTC to become the largest spot Bitcoin ETF
According to data from The Block, as of Tuesday, the assets managed by BlackRock's spot Bitcoin ETF IBIT were $18.2 billion, while those managed by Grayscale GBTC were $23.2 billion. IBIT seems poised to surpass GBTC and become the largest spot Bitcoin ETF in terms of asset management scale. GBTC charges higher fees than many competitors and since it began trading in January, its asset management scale has decreased by several billion dollars.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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