Home NewsBitcoin Grayscale’s GBTC Dominates Bitcoin Funds, BlackRock’s IBIT Close Behind

Grayscale’s GBTC Dominates Bitcoin Funds, BlackRock’s IBIT Close Behind

by Ouess

Grayscale’s GBTC remains the largest bitcoin fund, holding 289,300 tokens valued at over $20 billion. BlackRock’s IBIT is not far behind, with 283,200 tokens worth $19.6 billion, according to data from @HODL15Capital.

Recent trends show a shift in the market, with spot ETFs experiencing net inflows for eight consecutive days, totaling over 24,500 BTC. This marks a significant reversal from previous weeks, where major ETFs saw zero or negative inflows.

A Shift in Sentiment

The crypto industry celebrated a major policy victory on Wednesday when the House of Representatives passed a comprehensive bill to regulate digital asset markets. The Financial Innovation and Technology for the 21st Century Act (FIT21) passed with a 279-136 vote, gaining bipartisan support.

Additionally, there is growing optimism about the approval of a spot ether ETF in the U.S., with analysts raising the approval odds from 25% to over 75% due to the recent policy shift.

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