BlackRock's Bitcoin and Ethereum exchange-traded funds (ETFs) have overtaken those offered by Grayscale in terms of assets under management (AUM) for the first time. This marks a significant shift in the ETF landscape, where Grayscale has traditionally held dominance.
Despite BlackRock's recent success in ETFs, Grayscale still maintains a higher overall balance of Bitcoin (BTC) and Ethereum (ETH). This indicates that Grayscale's traditional holdings continue to be substantial even as ETF preferences shift.
The development was reported on COINOTAG NEWS, highlighting the competitive dynamics in the cryptocurrency ETF market and the evolving preferences of investors.
