BlackRock Takes Lead in Crypto Holdings, Pointing to Market Hope.
BlackRock, the world's largest asset manager, has made a significant mark in the digital asset space by surpassing Grayscale as the top holder of on-chain assets through its exchange-traded funds (ETFs) This milestone highlights the growing confidence of institutional investors in cryptocurrencies like bitcoin and ethereum, driven by the increasing acceptance and approval of ETFs Grayscale Holds Larger Overall Balance Despite BlackRock's recent accomplishment, Grayscale still maintains a larger overall balance, primarily due to its GDLC fund, which manages approximately $460 million in assets Unlike BlackRock's ETFs, the GDLC fund is not structured as an ETF, allowing Grayscale to retain a broader market share However, BlackRock's ascension, particularly after launching its bitcoin ETFs earlier this year, positions the company as a formidable player in the cryptocurrency sector...
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