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Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

BlackRock’s IBIT overtakes Grayscale’s GBTC Bitcoin holdings amid inflow surge

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Farside data shows that Bitcoin (BTC) Exchange-traded funds (ETFs) experienced $45 million in inflows on May 28. Seven of eleven ETFs recorded positive inflows, reflecting broad interest among issuers. BlackRock’s IBIT ETF led the inflows with $102.5 million, raising its total net inflow to $16.5 billion. Fidelity’s FBTC ETF saw $34.3 million in inflows, bringing its total to $8.7 billion. Conversely, Grayscale’s GBTC ETF experienced a $105.2 million outflow, increasing its net outflows to $17.7 billion. The cumulative net inflows across all ETFs have now reached $13.7 billion.

Bitcoin ETF Flow Table: (Source: Farside)
Bitcoin ETF Flow Table: (Source: Farside)

In terms of Bitcoin holdings, BlackRock’s IBIT has overtaken Grayscale’s GBTC, becoming the largest US Bitcoin ETF. HeyApollo data shows IBIT now holds 288,670 BTC, compared to GBTC’s 287,450 BTC.

US Listed Spot Bitcoin ETFs: (Source: heyapollo)
US Listed Spot Bitcoin ETFs: (Source: heyapollo)

The net accumulation of Bitcoin by ETFs on May 28 amounted to 642 BTC, according to heyapollo.

ETF BTC Flows May 28: (Source: Heyapollo)
ETF BTC Flows May 28: (Source: Heyapollo)

The post BlackRock’s IBIT overtakes Grayscale’s GBTC Bitcoin holdings amid inflow surge appeared first on CryptoSlate.

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