BlackRock’s Bitcoin ETF, IBIT Surpasses Grayscale

Krutika Adani

Grayscale, previously the leading holder of Bitcoins, has been surpassed.

BlackRock’s iShares Bitcoin ETF (IBIT) now possesses 288,670 Bitcoins compared to Grayscale’s 287,450 Bitcoins.

Grayscale’s Bitcoin Trust previously held 620,000 BTC before Bitcoin ETF approval.

However, it experienced a rapid loss of customers after Bitcoin ETF approvals due to its high fee of 1.5%.