BlackRock's Bitcoin ETF eclipses Grayscale’s in daily trading volume for the first time

The firm now holds $3 billion worth of Bitcoin in its spot Bitcoin fund.

BlackRock's Bitcoin ETF eclipses Grayscale’s in daily trading volume for the first time

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BlackRock’s spot Bitcoin exchange-traded fund (ETF), iShares Bitcoin Trust (IBIT), has outpaced Grayscale’s Bitcoin Trust (GBTC) in daily trading volume, Bloomberg ETF analyst James Seyffart shared in a post today. BlackRock’s IBIT was the first ETF to outstrip Grayscale’s GBTC in terms of daily trading volume, reaching over $303 million compared to GBTC’s $291 million.

This development is particularly striking given GBTC’s historically dominant position, which consistently shows higher trading volumes compared to other ETFs. IBIT has also achieved a new milestone by hitting $3 billion in assets under management.

Seyffart pointed out in another post that the new wave of spot Bitcoin ETFs has seen remarkable success since their launch, with standout performers including BlackRock’s IBIT, Fidelity’s FBTC, ARK 21Shares’ ARKB, and Bitwise’s BITB.

According to BitMEX Research’s data, IBIT saw a net inflow of approximately $164 million, while GBTC saw an outflow of $182 million. There has been a slowdown in GBTC’s outflows for the past five consecutive days, with yesterday’s outflow being the lowest, except for the first day.

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