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Marvie Basilan

UNCOVERED: Blackrock s ibit dethrones gbtc to become world s largest crypto etf | History Defined

BlackRock IBIT GBTC ETF Bitcoin Crypto Grayscale Eric Balchunas Michael Sonnenshein Goldman Sachs

KEY POINTS

IBIT also beat JPMorgan's JEPI in terms of hitting $20 billion in assets under 1,000 days
Some crypto users said they weren't surprised, given the ETF's massive inflows
Spot BTC ETFs collectively held over 1 million Bitcoin as of May 24

BlackRock's spot Bitcoin exchange-traded fund (ETF) IBIT has reached a new milestone, overtaking Grayscale's GBTC to become the world's largest cryptocurrency ETF.

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