The latest data show that BlackRock, the world's largest asset management company, has added new members, becoming the company with the most Crypto ETFs.
Arkham, a Crypto asset intelligence platform, revealed in an article published on X that BlackRock has replaced Grayscale as the asset management company with the largest number of Crypto asset ETFs.
Arkham's data shows that BlackRock's ETFs have US221.2171 billion, while Grayscale's ETFs manage USCr21.2248 million worth of Crypto assets (AUM).
Although Grayscale offers four funds: GBTC, BTC Mini, spot ETH ETFS and ETH Mini, BlackRock still occupies the first position with its IBIT and ETHA.
It is worth noting that since the GDLC fund is not an ETF and its asset management scale is US4460 million, the balance of the Grayscale entity is still higher than that of BlackRock.
Since the launch of the BTC ETFs in January, BlackRock's IBIT has unsurprisingly become one of the strongest performing funds in the ETFs market.
Nate Geraci, president of The ETFS Store, recently revealed in an article published on X that since iShares IBIT went public in early 2024, there has only been an outflow of funds on one day.
In contrast, Grayscale's GBTC has only had 12 days of inflows since its launch, with a total net outflow of US119.65 billion.
This trend is the main reason why the Grayscale BTC Trust fund lost to BlackRock in the scale of asset management.
Recently, investment banks Morgan Stanley and Goldman Sachs disclosed their large holdings of iSharesBTC ETFs, further highlighting this point. In particular, Morgan Stanley revealed that it sold off almost all of its nearly美元270 million GBTC stock positions.
Although the spot BTC ETFs have performed positively in the past week, the Ethereum ETFs have failed to make a difference.
Last week, Ethereum ETFs had strong inflows for three consecutive days, but at the close of trading on Friday, the cumulative net outflow of Ethereum ETFs was US114.17 million.
On the other hand, BTC ETFs recorded a net inflow of US332.57 million in the past week.
This difference in capital flow basically highlights the difference in acceptance between BTC funds and recently launched Ethereum products, especially in the months after the BTC funds went public.
