BlackRock is close to becoming the world's largest Bitcoin fund, with a gap of less than 15,000 BTC between its holdings and Grayscale's GBTC

BlackRock is close to becoming the world's largest Bitcoin fund. Since its launch four months ago, BlackRock's Bitcoin spot ETF has managed $16.7 billion in assets, only less than $1 billion behind Grayscale GBTC. Grayscale has a 10-year first-mover advantage, and its total fund assets under management are $28 billion. In addition, BlackRock recently launched a tokenized Treasury fund, and cryptocurrency hedge funds and market makers began to use it as collateral for trading tokens. Rob Goldstein, BlackRock's chief operating officer, revealed that entering the Bitcoin market is a multi-year, very deliberate journey aimed at bringing BlackRock's institutional quality into the ecosystem. Official data shows that Grayscale GBTC held 289,348.7762 BTC as of May 13. As of May 10, BlackRock IBIT held 274,755.1419 BTC, a difference of about 14,593.6343 BTC. (Financial Times)