BlackRock's iShares Bitcoin ETP (IBIT) officially surpasses Grayscale's GBTC
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As of 5/28, the net asset value of the Bitwise Investments' (BIT) has surpassed that of Grayscale's GBTC, with $19.68 billion compared to $19.65 billion. This marks the end of Grayscale's era as the largest Bitcoin spot ETF.
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As of 5/28, the net asset value of the iBit Bitcoin ETF reached $19.68 billion, surpassing Grayscale's GBTC at $19.65 billion. This marks the end of Grayscale's reign as the largest Bitcoin spot ETF.
Furthermore, data shows that on 5/28, GBTC saw a net outflow of $100 million, while iBit had a net inflow of $100 million, resulting in an overall net inflow of $45 million, a significant decrease in recent days. The price of Bitcoin also dropped below $68,000.
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