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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