BlackRock IBIT AUM overtakes Grayscale's GBTC
BlackRock's BTC spot ETF, IBIT, has overtaken Grayscale's GBTC in assets under management (AUM) as of Nov. 22, according to data provided by TheBlock. BlackRock's Bitcoin spot ETF IBIT saw net inflows of $291 million in the past 21 days. This is more than the previous 21 trading days combined. Meanwhile, Grayscale's GBTC saw zero net inflows on the same day, extending the number of trading days without net outflows to five.