The post BlackRock Poised to Overtake Grayscale as Largest Bitcoin Fund Manager appeared first on Coinpedia Fintech News
BlackRock is set to surpass Grayscale as the largest bitcoin fund manager, with its spot bitcoin ETF reaching $16.7 billion in assets in just four months. This rapid growth narrows the gap with Grayscale, which peaked at $28 billion. BlackRock’s shift towards cryptocurrencies reflects the growing demand from clients and the expanding digital asset market, a stark change from the earlier skepticism of CEO Larry Fink. The SEC’s approval of bitcoin ETFs has also facilitated BlackRock’s rise, highlighting its broader commitment to digital assets, including investments in platforms like Securitize.
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