"Bitcoin ETFs Surpass Grayscale and MicroStrategy Holdings in Record-Breaking Surge"
TL;DR Summary
New US spot Bitcoin exchange-traded funds have quickly surpassed Grayscale's Bitcoin Trust in total assets under management, holding over 405,000 Bitcoin worth about $28.9 billion, while Grayscale holds 396,000 Bitcoin valued at about $28.2 billion. This surge comes as Bitcoin's price exceeds $71,000, attracting unprecedented levels of investment from ETFs like BlackRock and Fidelity. Despite Grayscale's higher fees, its total Bitcoin holdings have declined, but its asset value has remained steady due to Bitcoin's rising price.
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- Bitcoin ETF snapshot: GBTC competitors surpass Grayscale fund in AUM Blockworks
- Is This The Real $90 Trillion Reason Behind BlackRock's Huge Bitcoin ETF Flip That Triggered The Price Boom? Forbes
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