BlackRock IBIT could surpass Grayscale BTC holdings in two weeks

"BlackRock's bitcoin spot ETF, IBIT, could surpass Grayscale GBTC's BTC holdings within 14 trading days if current outflows and inflows continue," Cointelegraph reports. As of February 22 (local time), IBIT held 238,500 BTC, with inflows of approximately 4,120 BTC per day. On the other hand, GBTC, which holds 350,252 BTC, has seen an average outflow of 4,140 BTC per day. If this trend continues, IBIT's holdings will surpass GBTC's on April 11. Previously, Bloomberg ETF analyst Eric Balchunas predicted that GBTC's outflows would end in the coming weeks.