BlackRock Leads in Digital Asset AUM, Overtaking Grayscale

The world’s biggest asset manager, BlackRock, just reached a new benchmark: its digital asset exchange-traded funds have exceeded those of long-standing leader Grayscale in terms of overall assets under management.

Although BlackRock just has two funds—IBIT (spot Bitcoin) and ETHA (spot Ethereum)—the combined assets under management (AUM) of the two funds at $21.6 billion is somewhat more than the $21.3 billion held by Grayscale’s four funds, according to blockchain intelligence firm Arkham.

Morgan Stanley recently revealed that it sold almost its whole $269.9 million GBTC stake and currently owns 5.5 million shares of IBIT, valued at roughly $187.1 million at current rates. Goldman Sachs last week also revealed holdings of around 7 million IBIT shares at almost $235 million at current prices, while it also has roughly $35 million worth of Grayscale’s converted fund and about $150 million in shares of other spot Bitcoin ETFs.

BlackRock’s IBIT spot Bitcoin ETF has only had one day of net outflows since its debut, noted Nate Geraci, president of investment adviser The ETF Store, on X. Though the ETF has also recorded 26 days of zero net inflows or outflows up to the present, SoSoValue’s data supports Geraci’s claim.

Although IBIT leads significantly over Grayscale’s Bitcoin ETFs, BlackRock’s spot Ethereum offering ETHA is only the third biggest such fund by assets under management based on SoSoValue statistics. Though it has had four days of net zero trading since its introduction over one month ago on July 22, ETHA has not yet logged any days of negative outflows.

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