BlackRock's $20B Bitcoin ETF Becomes World's Largest
TL;DR Summary
BlackRock's iShares Bitcoin Trust has become the world's largest Bitcoin fund, amassing nearly $20 billion in assets since its US listing in January, surpassing the Grayscale Bitcoin Trust. The success of BlackRock's ETF highlights investor preference for institutional-grade products, while Grayscale has seen significant outflows due to higher fees and arbitrage exits.
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