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

Bitcoin

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

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, Grayscales 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)

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 GBTCs 287,450 BTC.

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)

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