IBIT Overtakes GBTC As The Biggest Bitcoin ETF: Here's How They Compare
Portfolio Pulse from Surbhi Jain
BlackRock's iShares Bitcoin Trust (IBIT) has overtaken Grayscale Bitcoin Trust (GBTC) as the largest Bitcoin ETF, with nearly $20 billion in assets and a lower expense ratio. This shift highlights the growing competition and mainstream acceptance of Bitcoin ETFs.
May 30, 2024 | 4:27 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Grayscale Bitcoin Trust (GBTC) has been overtaken by BlackRock's iShares Bitcoin Trust (IBIT) as the largest Bitcoin ETF. GBTC faces challenges due to its higher expense ratio and structural design.
GBTC's higher expense ratio and structural design issues have led to significant outflows, likely resulting in negative short-term price movement.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Fidelity Wise Origin Bitcoin Fund ETF (FBTC) has seen recent inflows of $34.3 million, reflecting growing interest in Bitcoin ETFs.
The recent inflows into FBTC indicate increasing investor interest, which could lead to positive short-term price movement.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
BlackRock's iShares Bitcoin Trust (IBIT) has become the largest Bitcoin ETF, surpassing Grayscale Bitcoin Trust (GBTC) with nearly $20 billion in assets and a lower expense ratio.
IBIT's rapid growth and lower expense ratio make it a more attractive option for investors, likely leading to increased inflows and positive short-term price movement.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100