BlackRock IBIT is closing the gap against Grayscale Investments in terms of Bitcoin holdings.
Spot Bitcoin ETF momentum is growing with a visible impact on BTC price.
The competition amongst issuers of the spot Bitcoin Exchange-Traded Fund fighting for Bitcoin dominance is intensifying as BlackRock inc’s iShares Bitcoin Trust (IBIT) gets close to being equal to Grayscale’s Bitcoin Trust (GBTC). 

Recent data from Bitcoin ETF tracker Apollo reveals that the amount of Bitcoin held by IBIT is getting close to the amount held by GBTC with only a 50,000 BTC difference. The difference reflects outflows on Grayscale’s GBTC as against inflows for BlackRock’s IBIT.
Fierce Competition Between BlackRock IBIT and GBTC 
According to the statistics from Apollo, BlackRock’s IBIT is pegged at 266,587 BTC, valued at approximately $18.79 billion. On the other hand, Grayscale’s GBTC stands at 315,941 BTC, valued at about $22.27 billion. 
Therefore, in comparison to GBTC, BlackRock’s IBIT

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