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According to analysts, a BTC-ETF called #iShares Bitcoin Trust from #BlackRock has surpassed #GTC from Grayscale in terms of the number of coins at its core. Accordingly, it is now the largest #BTC spot exchange-traded fund in the United States.
Bloomberg analyst Eric Balchunas confirmed the leadership of the #BlackRock iShares Bitcoin Trust (BUT) among spot BTC ETFs. Recall that this exchange-traded fund bypassed Grayscale's GTC based on the trading results for the last day.
As Eric noted, BlackRock is likely to occupy the top spot "for decades." The reason is a combination of low fees, serious liquidity and the excellent reputation of the iShares brand.
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🚀 Bitcoin ETFs See Strong Inflows as Market Interest Grows
US spot Bitcoin ETFs experienced significant net inflows exceeding $786 million last week, marking their most robust performance since February. According to NS3.AI, BlackRock's iShares Bitcoin Trust attracted approximately $612 million. Meanwhile, Morgan Stanley's newly launched MSBT fund garnered around $46 million within its initial three trading days.
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